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Residential Renovation Project in Turin
Italy 
Italy, Turin
 Via Principessa Clotilde
Offered by:
Return per year:
10.50% - 13.13%
Minimum investment
€ 250
Total value
€200,000.00
 Earn free shares 
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About the property

An apartment located in Turin, Italy, is currently available for investment. Priced at €250 per share, this property offers an estimated minimal return of 10.5% with a total value of €200,000. The fundraising initiative aims to support the renovation and conversion of an existing real estate unit, currently serving as a laboratory/office, into three separate residences.

Situated in a primarily residential area of Turin at Via Principessa Clotilde 85, this property boasts convenient access to essential public amenities within a 500-meter radius, including hospitals, schools, parks, supermarkets, and various retail outlets. The unit, already acquired through a standard deed by the Proposing Company, occupies the ground floor of a residential building with direct entry from the condominium stairwell, along with two storage rooms in the basement and a garage in the courtyard.

The proposed project involves altering the property's designated use and dividing it into three distinct living spaces:

- A spacious four-room apartment spanning 186 m2, complete with a garage, canopy, and attic, distributed across 130 m2 on the mezzanine level and 50 m2 in the basement, connected by an internal staircase.

- Two mirrored two-room mezzanine apartments, each approximately 100 m2, accompanied by respective storage rooms. These lofts will feature a 20 m2 appurtenant area and internal stairs connecting to basement tavern rooms.

The planned renovations encompass a comprehensive overhaul to establish a new layout, upgraded finishes and fixtures, replacement of external windows, energy efficiency enhancements through insulation, and modernization of electrical and plumbing systems. This meticulously designed project, verified for compliance and feasibility by the Technical Design Engineer, is soon to undergo the SCIA Replacement of the PDC protocol for the conversion of intended use from commercial to residential.