Building/Property 988 sqm in Teramo

Real estate complex for auction in Teramo (TE) – Via Giacomo Paladini 11 (CAP 64100) The real estate complex, located in the historic center of Teramo, is a structurally aggregated quadrangular building, likely constructed around the late 19th century. It is situated in a prime location, free on three sides and facing Via Paladini, Via Dell'Arco, and Via G. D'Annunzio, ensuring excellent visibility and accessibility. The property is located within an urban context classified as 'A Historic Center' by the General Master Plan. Area and Internal Layout The complex extends over a total conventional area of 988 sqm and comprises six distinct real estate units. Unit 1 is a 420 sqm apartment spread over three levels (Ground-2nd-3rd floors) with one room, cellar, boiler room, portico, and two courtyards on the ground floor; kitchen, dining area, veranda, bathroom, W.C., and eleven rooms on the second floor; storage room and terrace on the third floor. Units 2 and 3 are two shops of 32 sqm and 36 sqm respectively, both located on the ground floor. Unit 4 is a 135 sqm apartment on the ground floor, comprising two entrances, an atrium, a storage room (fondaco), two utility rooms, a W.C., two rooms, and a kitchen. Unit 5 is a 200 sqm office developed over two levels (Ground-1st floors), with a storage room (fondaco) on the ground floor and on the first floor a corridor, five offices, two waiting rooms, archive, bathroom, W.C., and veranda. Unit 6 is another 165 sqm office, also on two levels (Ground-1st floors), with a storage room (fondaco) and entrance on the ground floor and on the first floor a hallway, four offices, archive, bathroom, and W.C. The general state of preservation of the properties is 'To be renovated', having been damaged by the 2016 earthquake and declared 'UNUSABLE' via AEDES form. Features and Amenities The building's load-bearing structure is masonry, with mixed irregular stonework for the perimeter walls and brick for the internal ones, plastered both internally and externally. The foundations are presumably of the continuous shallow type. The internal floor structures primarily consist of brick pavilion vaults and occasionally cross vaults or beams and hollow tiles. The roof is pitched with wooden beams, terracotta tiles, and roof tiles. There are no heating, air conditioning, or elevator systems. The complex includes appurtenances such as a cellar, portico, courtyards, and terraces for the residential units, and storage rooms (fondaci) for the offices. It is important to note that a significant grant for restoration with seismic improvement or reconstruction of residential buildings has been approved, totaling €1,887,171.98 including VAT, with no charges to be borne by the client, and the right to request this grant is also recognized for those who purchase the property as a result of an enforcement procedure. Context and Connections The complex is located in a central area of Teramo, with easy access to services and public roads. The presence of residential, commercial, and office units makes the property versatile for various needs. The property is free for the procedure, offering an opportunity for those wishing to invest in a real estate complex with redevelopment potential and a significant post-earthquake reconstruction grant already approved.