A commercial property located in the charming country of Italy, specifically in Albisola Superiore, is now available for investment. The price per share is set at €250, with an estimated minimal return of 11 percent. The total value of the property is €250,000. The financing for this investment will be utilized to complete the current approved renovation works.
The renovation project aims to transform a villa with a stunning sea view into six new residential units of commercial size, ranging between 50 and 55 square meters each. Situated in the "Garbasso" area of Albisola Superiore, near the Strada Aurelia and the "Eugenio Montale" seaside promenade, the villa boasts an elegant and rationalist architectural design. It spans two habitable levels with a practical terrace, offering a unique living experience.
Currently, three of the six planned residential units are under construction on the ground floor, including two two-room apartments and a studio apartment. A covered parking space for one of the two-room apartments is also being built on the south side of the property. The surrounding land has been transformed into a fenced garden with multiple pedestrian access gates, providing entry to all six units.
The renovation project includes the use of high-quality materials and excellent soundproofing for the partition walls. The systems within the property will be entirely new, featuring natural oak parquet floors, first-choice porcelain stoneware in bathrooms, and modern thermal break PVC windows and doors with low-emissivity double glazing. An air/water heat pump system will be installed for energy efficiency.
Additionally, a photovoltaic panel system will be integrated into a shading pergola-type structure on the terrace, serving the residential units. While not covering the entire energy needs of the building, this system will significantly contribute to energy savings and reduced consumption costs. With meticulous attention to detail and a focus on sustainability, this property investment offers a unique opportunity for those seeking a modern and environmentally conscious living space.