Investment opportunity: residential property development project in Quarto

Price on request

~2,986 m² Total surface

Description

The property offers excellent investment potential due to the possibility of being fractioned into several residential units. This makes it ideal for real estate developers or investors wishing to carry out real estate flipping operations. The area in which it is located is one of the most sought-after in the metropolitan city of Genoa, guaranteeing an excellent return on investment and a quick turnaround. The project envisages the construction of 22 dwellings with sizes ranging from 70 to 120 m² commercial. The entire ground floor will be dedicated to the construction of 26 parking garages. The shortage and strong demand for garages and parking spaces that characterises the entire area makes this intervention essential to guarantee the success of the sale and purchase of individual housing units. Assumed ROI: 50%

Features

BalconyGarageGardenGreen viewOpen view

Engel & Völkers Genova Centro

+39 010 868 6655

Property ID: W-02WOC2

Location: Quarto dei Mille, Genoa

In the heart of the urban area of Genoa, the Asset in Via Romana della Castagna is located on the border between the Quarto dei Mille district and the Quinto al mare district. The extreme proximity to the Genoa Nervi motorway exit and to Corso Europa (the main thoroughfare connecting the entire eastern area to the city centre) make the property's location strategic for all urban and extra-urban movements. The ancient village of Priaruggia and the Quarto seafront are only 900 metres away. Area served by buses in both directions, Ponente and Levante, and regional trains (Genoa Quarto dei Mille station). Presence of all the services essential to the liveability of the area (super and hypermarkets, pharmacy, schools, grocery shops, bars, cafés and hospital (Gaslini hospital/accident and emergency department at 1.8 km).