Economics
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appraisal<br />
14 – THE AVERAGE OF VALUES<br />
In the previous sections we were conducting a search for the value of the redeveloped real estate<br />
property. Based on statements made in the preciding paragraphs, the evaluation of the properrty<br />
goes as follow(in euros):<br />
VALUABLE COMMERCIAL SURFACE SUITES IN SQUARE METERS(SUB 1,2,3,4,5,7,8,11)<br />
1221,32 x 24000 = 29311600<br />
COMMERCIAL STORAGE SURFACE IN SQUARE METERS(SUB 12,13) 24<br />
24x 4000 = 96000<br />
GARDEN SURFACES(SUB 1) 177,65<br />
177,65 x 8000(one third of the full price per square meter) = 1422880<br />
SURFACE OF ROOFTOP & TERRACES WITH VIEW(SUB4,6) 259,19<br />
259,19 x 12000 (half of the full price per square meter) = 3110280<br />
SURFACE OF SUITE'S EXTERNAL UNITS(SUB 9,10) 124<br />
124 x 8000=992000<br />
CAR PARKING AREAS AT THE ENTRANCE HALL OF THE ‘PALAZZO’<br />
n. 4 x100000=400000<br />
Value of property redeveloped as real estate NON CONSIDERING features on Chapter N.13: 35332760<br />
However, considering the characteristics of the property from the standpoint of it being a work of art and having<br />
other uncommon features (see ‘Historical notes’ and Chapter N.13), I would not be surprised if the value of such<br />
a rare property were to appreciate to the point of doubling or trebling.<br />
15-ANNEXES<br />
1- RESTORING THE WHOLE PALAZZO:LAST WORKS<br />
2- ALBERTONI SPINOLA BOOK<br />
3- GOVERMENT LAW OF 1933 ABOUT<br />
4- CADASTRAL CERTIFICATE AND FLOOR PLANS<br />
5- POLLUTION AND ENERGETICH CERTIFICATE<br />
6- ALL THE PERMITS<br />
7- HOSPITALITY PERMIT<br />
8- TITLE OF PROPERTIES<br />
9- CONDO RULES<br />
10- BOOK ABOUT THE BUILDING IN ACCORDANCE WITH PAST LAW<br />
11- ALL THE FLOOR PLANS AND DESIGNES<br />
12- PICTURES<br />
13- DESCRIPTION INTERVENTION OF DEVELOPMENT<br />
14- RECENT REVIEW<br />
Ivan Mammuccari
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