Pavia

Green-Acres Property Listing - Italy

Property Details: Pavia, Corso Cavour 17 – Entire historic income-producing palazzo, with courtyard and garden Rooms: 0 Bedrooms: 0 Living Area: 1000 m² Price: 2,950,000 EUR

Agency: LUXURY VILLA ITALY

Description: In the heart of Pavia’s historic centre, on one of the city’s most representative and frequented streets, we offer for sale an entire historic building of great charm and significant patrimonial interest, known for the presence of the celebrated Torre Bottigella, a 15th-century architectural landmark from the heart of the Italian Renaissance. Historical sources identify the building at Corso Cavour 17 as the palazzo once belonging to the Bottigella brothers, adjoining the namesake 15th-century tower that defines its identity and prestige. Today used as retail and office premises, the palazzo and tower enjoy a central and strategic position within the city’s monumental and institutional fabric, close to both the Pavia Courthouse and the Cathedral of Pavia. This setting further enhances the quality of the investment, the representativeness of the spaces, and the attractiveness of the property units. An additional element of distinction, alongside the historic tower, is the internal courtyard with garden and vehicular access: a private space of rare charm in the heart of the city. The sale concerns the entire building, comprising 7 property units for over 1,000 sqm commercial surface, all currently leased: 3 retail units with 4 street-facing windows and 4 offices. This is therefore an immediate income-producing investment in a property of strong historic identity and absolute rarity on the market, with a gross yield of 4.5%. The interiors preserve elements of remarkable character, including representative rooms, generous ceiling heights, decorated ceilings, historic details, and views that further enhance the exclusive nature of the property. In addition to its historic prestige and central location, the complex also benefits from significant tax advantages connected to its historic-artistic protection status. For buildings of historic or artistic interest subject to direct protection, Italian tax rules generally provide for a reduced Imu taxable base and favourable tax treatment for the calculation of taxable rental income — an aspect of particular interest for patrimonial and income-oriented investors. These aspects should naturally be verified with the buyer’s own tax advisor, depending on the purchaser’s profile and the applicable tax regime. A rare opportunity, addressed to investors, family offices and private wealth holders seeking an iconic, already income-producing asset in the historic centre of Pavia: a city of Roman foundation, formerly capital of the Lombard Kingdom of Italy in the 7th and 8th centuries, home to one of Europe’s oldest universities since the 14th century, and strategically connected to Milan along the important Milan–Genoa route. Distances: • Pavia Courthouse – 120 metres • Cathedral of Pavia – 240 metres • University of Pavia – 400 metres • Train station – 700 metres • Basilica of San Michele – 750 metres • Visconti Castle – 1 km • Milan – 40 km