Entire building sold in the center of Catania

Today we tell you about the sale of a very important property leased to a leading national company. 

It is an entire building of 1,500 m2 located in the historic center of Catania in Via Sant'Euplio, a few meters from Piazza Stesicoro and Via Etnea.

At the moment it houses telecommunications infrastructure systems, but due to its positioning and its architectural and internal distribution characteristics, the property also lends itself in the future, in the unlikely event of early release by the tenant, to valorisation for the conversion to residential, hospitality or office use. 

Expertise Re assisted the seller and the buyer throughout the purchase and sale process, from the initial evaluation of the property, to the negotiation of the terms of sale, up to the closing of the agreement. 

We are sure that this sale will bring benefits to all parties involved given that the purchase of a property intended for a telecom telephone exchange has always represented a low-risk type of investment for the following reasons:

1. Reduced tax impact: properties used for telephone exchange have the possibility of obtaining a specific cadastral category which allows the relative income and therefore the value of the IMU to be significantly reduced.
2. Since these are entire buildings that house telecommunications transmission equipment and are therefore of strategic importance, they are the subject of exceptionally long-term lease contracts, sometimes even twenty years. This allows the buyer to have access to bank financing which in some cases can also be self-liquidating.
3. Long-term investment: none of the properties intended for a telephone exchange, among the many we have sold, have ever been released by the tenant over time. 

Expertise Re, having successfully concluded the sale of over forty properties intended for telecom telephone exchanges, is a reference operator for the sale of income properties.

To learn more about the topic we suggest the following links:

New cadastral category for communication infrastructures

Interest is growing in an alternative Asset Class, that of telephone exchanges and income-generating properties.

Income-producing properties, guaranteed investment

Telecommunications company buys back properties from investment fund

Click here to view all our income properties

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