Palace, 5712 m²

Cossato, Biella (province)

CPI Real Estate is proud to present an extraordinary real estate investment opportunity in the heart of Cossato, a lively city located just ten kilometers from Biella. This prestigious multifunctional real estate complex, enriched by historic architecture dating back to the post-World War I era, covers a total area of 4620 sqm and includes various units for residential, commercial, and productive use.

Key Features:

- Strategic Location: Located in the city center, on Via Marconi, the complex is surrounded by all the social, commercial, and religious services of the city, all within walking distance. The train station, connecting Biella to Novara and allowing for a 90-minute journey to Milan or Turin, is just a 10-minute walk away. Additionally, the city is well served by public bus services operated by ATAP and major highway connections (A4 Torino-Milano and A26 Genova Voltri-Gravellona Toce).

- Complex Structure:
- Residential/Office/Shop Building: Spread over three above-ground floors, as well as a basement and attic, with three independent entrances at civic numbers 1, 5, and 7 on Via Marconi. It occupies approximately 1050 sqm and features high-quality finishes, including marble and American larch wood flooring, and a facade decorated with architecturally significant details.

- Productive Building: Accessible from a driveway at number 3, it extends over a single floor for a portion, with other parts distributed over three floors, covering 3570 sqm. This area is currently available for immediate use or future development, offering flexibility for transformations and adjustments to current urban planning regulations that encourage conversion into residential or commercial spaces.

Development Potential:
The General Regulatory Plan promotes a conversion of the productive area into spaces compatible with the surrounding urban environment, with a building index of 1.2 mc/sqm. This allows for a building volume of approximately 3720 cubic meters, equivalent to a gross floor area of around 1200 sqm, ideal for the development of new residences, commercial spaces, or offices, integrated with large terraces, stairwells, and underground garages.

Current Status:
The units designated for residential, office, and shops are currently rented out, generating a steady income of EURO46,822.00. The complex also includes rented-out garages and sheds, while the productive portion is free from commitments and ready to be enhanced.

This complex represents an exceptional opportunity for investors and developers, thanks to its central location, the variety of real estate units, and the development potential offered by the General Regulatory Plan.

For more information and to arrange a visit, contact CPI Real Estate.