Surface: 1.677 sqm (GLA) divided into 7 real estate units
City: Milan
Area: Milan Central Area
Energy rating: C range 223.37-276.22 kWh/sqm per year
Investment opportunity in Palazzo Coduri, a trophy asset dating back to the 19th century, located in the heart of Milan’s historical centre, a few steps away from the Duomo cathedral.
The asset was designed by the architect Mengoni in the same period and in continuity with the Galleria Vittorio Emanuele II. Palazzo Coduri is today an elegant seven-floor building with a hexagonal plan in the block between via Marino, via Santa Radegonda, via San Raffaele, via Berchet and via Foscolo.
The proposed transaction perimeter includes the 3rd, 4th and 5th floors, actually for office use. The owners are open to consider both “block sale” and piecemeal sale by floor, with the exception of the 4th floor which shall be divided into two portions in case of piecemeal sale.
The asset has a flexible hexagonal shape floor plan which allows to fully use the spaces both as open space or single offices. The average floor surface is 555 sqm (GLA).
The opportunity offers a perfect mix between a stable income in the medium term and reversionary potential or possibility to convert the units to residential use at the expiration of the current lease agreements.
The asset benefits from double entrance on two sides: one from Via Santa Radegonda 11, a historical street connecting piazza Duomo with Teatro della Scala, and the other from Via Foscolo 8, at the entrance of Galleria Vittorio Emanuele II.
It is easily accessible by public transport (metro lines M1, M3 and M4).
RESERVED NEGOTIATION
