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Investment In Florence For Sale

Florence, Firenze, Italy
Asking Price:
€40,000,000
Sales Revenue:
€3,300,000
Cash Flow:
Over €2.5M

DESCRIPTION

The project is part of the approved Implementation Plan, on the area (available to the proposing Company) located in the south / east quadrant of the intersection between the Downgraded and the Tangenziale Ovest (Rotonda di Capezzana). It covers a territorial surface of 39,809 square meters and is identified as "Intervention Lot A" which provides for the installation of a total volume of 167,407 cubic meters with a covered area of 10,302 square meters in addition to 2,100 square meters of porticoed area, for a total total 13,000 m2 covered (data of the approved Implementation Plan) and is divided into broad lines in the following functions:

• Integrated center of entertainment, leisure and entertainment (lot of A intervention approximately 39,809 square meters) which includes a multiplex cinema fourteen salt, indoor sports facilities and ancillary services, restaurants, able to make a strong point of attraction, both for families and for youth consumer (floor area 10,302 square meters, volume 167 407 mc) plus a portico area for 2100 m², which includes the vertical connections (Stairs).
• Parking lots for public use 13,968 square meters and private parking 21,660 sq.m. of which 15673 m underground. It is created in this way a " integrated entertainment center ", which constitutes a pole integrated social gatherings, cultural, economic, entertainment, leisure, for the entire provincial system, well connected to the main roads of the Prato area and easily accessible the supra-municipal level roads.

The multi functional entertainment complex, free show time it extends between the main roads and the tangential on a total surface area of 13,000 square meters and 20,555 square meters of a SUL divided in turn into a number of complementary functions and associates, capable of starving a strong place of attraction.

The building has two floors above ground with a square in front of which the main functions overlook, raised by 1.50 m compared to the axial road. Below the building and the connected square, there is a basement car park, from which you can go directly to the level of the covered services and sports facilities.
This center, defined as "THE CITY OF LEISURE" is composed of:
. Basement
Under the building and partially under the square, in a basement position, there is a large private car park of 17,300 square meters for the users of the Entertainment Center, divided into four compartments for fire safety and connected to the ground floor by three stairs with smoke filter and three lifts.
The parking, with an internal height of m. 2.90, higher than the minimum allowed by the Law of m. 2.40, is ventilated by two large open trenches, one of which (the one towards the ring road) also serves as an access and exit road while the other houses the pedestrian safety exits in case of fire. The ventilation system is completed by 5 intake chimneys, activated on the roof by solar energy (solar chimneys) in order to optimize the extraction of air from the room.
. First floor
The first floor of the complex is divided into two independent volumes, to the south that of the sports center and to the north the cinema multiplex.
The sports center covers approximately 1,858 m2 connected with two flights of stairs and an elevator to the space of the same destination on the ground floor. On the first floor there are the changing rooms for men and women and for the various gymnastic activities.
An external safety staircase shielded by a metal grid directly connects this floor with the ground floor. The sports area is separated from the "multiplex" by a large uncovered terrace, which also acts as an escape route in case of fire.
The main volume contains the multiplex Cinema, connecting spaces and connected functions for a total of 8,338 m2 divided into 14 rooms of different capacities for a total of 3,254 seats.
- (7388) m2 relating to the projections and distribution spaces to the same rooms;
- (950) square meters of office space located above the attic of the sports center and intended as a pertinence to the multiplex activity (representative offices of the administration, meeting room, programming) said spaces are served by a smoke-proof staircase and by a safety ladder;
This floor is connected to the entrance hall with two escalators, two normal stairs alongside the escalators of m. 3.00, and a descent from 3.60 m as well as two lifts for disabled people.
All the rooms are surrounded by a terrace covered by an overhanging roof and protected laterally by a curved metal screen. This terrace constitutes the exit path from the rooms after the show and at the same time functions as an escape route, connected to the ground safely by 8 stairs of 2.40 m (4 evacuation modules) as well as a service staircase from the terrace north.
Above the distribution tunnel there is the technical space for the cameras and above, still on the roof, the technical rooms of the plants, some covered and others in the open air.
. 2nd and 3rd floor
The second and third floor of the complex consists of the multiplex offices, which are located above the gym, served by the ground floor with direct access by stairs and lift and surrounded by a large paved terrace, in turn enclosed by two metal mesh wings. that protect them from the winds.
Above the roof, in the center of the entire complex, and therefore not visible from the ground, the plant engineering machines have been placed, reachable by a ladder located in the technical terrace: some machines are positioned in closed technical volumes, others in the open air for better heat dissipation directly placed in front of the building.

TECHNICAL DATA
First level
Restaurants, games, commerce and access. 7,182.00 m2
Sports center 2,140.00 m2

Second level
Multiplex and complementary functions m2 7,355.00
Gym m2 1,860.00
Third level
Multiplex offices m2 600.00
Technical compartment m2 176.00

Fourth level
Multiplex offices m2 350,00
Technical compartment projection 142.00 m2
TOTAL M2 20.580,00

Parking facilities
private m2 21,660.00 (of which 15,673.00 m2 int.)
of public use m2 13,968.00
TOTAL M2 35,628.00


Price € 40,000,000

The complex was completed in 2007, today the rental contracts are with leading Italian and international companies such as, burgher King, old wild West, Piazza Italy, Virgin Active Italy, multiplex cinema etc ... annual rental revenues today are € 3,300,000 with 9 + 9 year contracts

net return 7,26%

Property Information

Real Estate:

Real Property Included

Location:

Florence shopping center

Business Operation

Employees:
1
Years established:
16

Other Information

Home based:
This business can be run from home.

Contact T.V.I. Toscana immobiliare

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