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Buildings near San Babila Milan
Residential real estate business in the heart of Milan, San Babila area consists of 2 buildings each of mq.10.000 + property of 5,000 square meters . 2 empty offices in Milan and Turin in a property of 3000 square meters offices , the latter with an annual income of € . 240,000 .
These assets are collectively budgeted € . 185 million .
Possibility for the palace of Milan restructuring as residential .
Ref PAL29 90,000,000 Total purchase cost .
The total sale price if it is broken only by the square . the palace of Milan points out the price per square meter . €. 4,500 . If this is added to a restructuring cost of € . 1,500.00 per sqm it comes at a cost of € . 5900 per sqm.
In this area the price for the sale of finished apartments is around an average of € . 9.000/10.000 per sqm. so even though only a margin of € . 2,000 per sqm. x 20,000 sqm. you have an income of € . 40,000,000 only for the palace of Milan. to which we must add the second building of the palace of Milan and Turin, which has an annual income of € . 240,000 .
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