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Established Hotel Duomo In Siena Tuscany For Sale

Siena, Italy
Asking Price:
€1,680,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Opportunity to acquire a hotel in an auction sale, located in the historic center of Siena, not far from Piazza del Duomo.

The Hotel Duomo is housed in a portion of the building that faces Via Stalloreggi – one of the main streets of the historic center of the city – a short distance from Piazza del Duomo and about 600 meters from Piazza del Campo.

DESCRIPTION:
Rebuilt on the ancient foundations in 1726 with a Renaissance style façade, the Hotel is spread over a basement, a ground floor, a second, third and fourth floor.
The basement includes a breakfast room and a small equipped kitchen. The ground floor allows access from the common portico of the building directly to the reception area, consisting of a counter and a small circulation area that leads towards the stairs that connect the floor with the lower one. On the other side, a short hallway leads to the elevator cabin. There are also guest bathrooms.

The second floor actually constitutes the hotel, containing most of the guest rooms. This plan is developed on multiple – different – levels, being the result of the merging over time of adjacent portions located at different levels. Overall, the floor houses sixteen rooms and a small hall connecting the access space to the main stairwell and the circulation corridors. The third floor is occupied overall by the stairwell and a small technical room used as a laundry and warehouse.
The fourth floor, which is accessed exclusively via stairs, houses four further bedrooms and a small terrace that can also be used by guests.
The entire building also includes two internal courtyards, corresponding to two individual spaces connecting the different portions of the building which have presumably been merged over time. A first courtyard extends up to the fourth floor, while the second is present only on the second floor.

The compendium of real estate that can be acquired at auction is made up of:

Definition of the lot: SINGLE LOT – full ownership right on a three-star hotel property, located on the first floor. S2-S1-T-2nd-3rd-4th of the property located in Siena, Via di Stalloreggi nn. 34/38 and registered at the C.F. of the Municipality of Siena, with stapled identifiers: Sheet 133, page 177, Sub.22, cat. D/2, R.C. €. 494.00, Sheet 133, page 177, Sub.23 and Sheet 133, page 178 Sub.9 z.c. 1, cat. D/2 R.C. €. 19,340.00.

The property, currently occupied, is to be considered "free upon delivery", upon contextual assignment of the property. Therefore the hotel property can be acquired and subsequently operated directly.

At the current state of February 2024, the expected date of sale, in “sale without enchantment” mode: 23 April 2024, 11.30 am with mixed synchronous mode.

Base price: 2,240,000 euros, minimum offer 1,680,000 euros.

Deposit deadline by 12.00 of the day before the date set for the sale, with exception of bank and public holidays.

This opportunity is aimed at Italian and international buyers and investors who can acquire properties subject to public procedures, through the professional assistance of third parties.

Hotel Seeker S.r.l. carries out assistance and consultancy activities for a possible fully informed and conscious purchase. Each advertisement published comes from an extract of the “Public Announcement” and is aimed exclusively at promoting the service indicated above. The advertisements published with the Hotel Seeker brand do not replace or integrate in any way the information published by the competent courts pursuant to art. 490 c.p.c.

Property Information

Real Estate:

Real Property Included

Location:

Historical city center few steps away from the famous Piazza del Campo, where the "palio" is played

Premises Details:

A small hotel suitable for full conversion in ideal short rent apartments

Size in square feet:
10,000

Business Operation

Expansion Potential:

Great potential to convert in short term rental, with fabulous location

Competition / Market:

The property enjoys a wonderful location, walking distance to main spots in Siena

Reasons for selling:

Foreclosure procedure - we assist buyer to acquire the asset or purchase the credit associated to the real estate collateral. great real estate deal in the heart of Siena

Years established:
1990

Other Information

Distressed:
This business is a bankruptcy.