Garage in Rome

Surface rights for a garage at auction in Rome (RM) – Via Dino Penazzato null (ZIP 00177) Offered at auction are the surface rights of a partially completed underground parking garage, located in the Municipality of Rome, on Via Dino Penazzato. The property is part of the Urban Parking Plan of the Municipality of Rome, under a concession agreement stipulated in 1997 with a duration of 90 years. The structure, originally conceived as a mechanized parking garage, has been subject to a modification project for its transformation into a traditional parking garage, following operational issues with the original system. Currently, the works are incomplete and in a state of abandonment. The location is strategic within the urban context of Rome, with significant potential for the development of a functional and modern parking facility. The duration of the surface right has been suspended since 2015 until the final award, guaranteeing a longer period for the new concessionaire. Surface Area and Internal Layout The parking garage, as per the modification project, is designed to accommodate 19 car boxes and 2 motorcycle spaces, distributed over two underground floors. The existing structure, which includes excavations, foundations, and piling, will be maintained, while expansions are planned for the construction of a new vehicle ramp and a new stairwell. The areas above will be restored and equipped with greenery and street furniture. Internally, the project includes an industrial floor with a quartz surface layer, exposed concrete structural elements, infill walls made of styled lapillus blocks, and galvanized sheet metal up-and-over doors. A parking space for disabled persons, a hydraulic elevator, and two emergency exits per floor are included, one with stairs and the other with a protected elevator. Features and Amenities The property, although partially completed and in a state of abandonment, presents a solid basic structure. The systems planned in the modification project include an electrical system made of self-extinguishing material. The appraisal evaluated the cost of the completed works, considering depreciation and the demolition costs of parts incompatible with the transformation. The property is equipped with an elevator and emergency exits, essential elements for a modern parking garage. Heating and air conditioning are not present, as is typical for this type of property. Context and Connections The parking garage is located on Via Dino Penazzato, an urban area of Rome. The area is well-served and offers good potential for demand for parking spaces, given the population density and the need for parking solutions. Vehicle access and exit will be located on Via Penazzato, ensuring good usability. The property is free for the procedure, offering an investment opportunity for those wishing to take over the concession and complete the transformation project. Main Auction Data