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Entire three-storey building overlooking a tree-lined garden

1,100,000 €
  • Total area
    1,500 m²
  • Bedrooms
    19
  • Bathrooms
    12
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Features
  • Total rooms: 20
  • 3-floor building
  • Built in 1930
  • Balcony or terrace
  • Foreclosure
  • Garden

The building is located in the most central and sought-after part of Corso Calatafimi, a few steps from the royal Palazzo della Cuba, and conceals an unexpected view of a charming old garden with fruit trees and plants. Through a large antique wooden door and an elegant entrance hall, chequerboard marble flooring leads to the imposing staircase with a central lift. The large stairwell is illuminated by a beautiful skylight set in the pitched roof.

Constructed with load-bearing masonry, the property has a U-shaped plan and facades with large windows that ensure noticeable brightness. The building consists of six spacious apartments distributed two per floor, with different sizes across the three floors.

All the apartments have splendid flooring with geometric patterns and floral decorations, while the reception rooms are embellished with wonderful frescoed vaults featuring typical designs from the period of construction.

The property would also lend itself to splitting its current units so as to obtain up to twelve apartments to live in, resell or generate income from. Note that the apartments have regularly stacked mezzanines and on the top floor the attics could be recovered for residential use.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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If this property wasn’t for you, take a look at other houses for sale in Italy.

You can see more houses for sale in Palermo elsewhere on our website.

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    Senior property selection advisor
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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

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      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

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