Property Details

Via L. Da Vinci, 322 – Palermo

  • 1090_01
  • 1090_02
  • 1090_03
  • 1090_04
  • ED3_0898  Palermo-TRAM


Let 6.430.000€ - Negotiable
8435  Mq - Indicative gross area Print

Situated in a semi-peripheral zone of the city. The zone has predominantly residential buildings, with commercial activities on the ground floors and a number of credit institutes and car dealerships. Via Leonardo da Vinci is one of the most important thoroughfares in Palermo and connects the city centre to the neighbourhoods in the west of the city.

The property comprises 2 floors above ground and one underground level, with a large outdoor area for parking, for a total of 8,435 sqm (gross area);

The initial asking price of €7,450,000 has dropped to €6,430,000 and is negotiable.

Leasehold status:

– the entire building is let to SMA S.p.A. for a total annual rent of €328,120; contract expiry 31/07/2020;

Maintenance condition: fair;

Gross yield: €328,120;

Tax burdens on the property:

– Borne by the Pension Fund: “IMU” (imposta municipale unica – single municipal property tax);

– Borne by tenants: “TARI” (tassa rifiuti – waste disposal tax), “TOSAP” (tassa occupazione spazi ed aree pubbliche – tax on the occupation of public soil and areas);

Plant systems:

– Fire prevention system;

– Other systems: electrical station, summer/winter air conditioning system;

Insurance coverage: Third-Party Liability and All-Risks;

The building was constructed around the mid-1970s, and has a reinforced concrete load-bearing structure. The roof is partly flat and partly barrel-vaulted;

A.C.E. (energy certificate): 14/09/2012 drawn up by Architect  Giuseppe Greco;

Connection to the major roadways:

the area is well served by services and public transport;

– Railway: 30 minutes by car from the Central Station and 15 minutes from Notarbartolo station;

– Port: 35 minutes by car from the Marine Station, port for shipping lines for Genoa/Naples and other domestic destinations, as well as for the smaller islands. The port of Palermo is also a stop for major cruise liners;

– Airport: 30 minutes by car from “Falcone e Borsellino” Airport; the airport is also served by frequent rail links (from Palermo Centrale and Palermo Notarbartolo) and bus lines;

– Motorways: 5 minutes away (Palermo-Catania, Palermo-Messina and Palermo-Trapani/Mazara del Vallo);

Worthy of mention is the tram line currently under construction along Via Leonardo Da Vinci.

Annual rent: 328.120€

Annual ISTAT increase: 75%