✨ Highlights

• Fully renovated historic property
• Located 5 minutes from Modena’s historic center in the heart of the Motor Valley
• Currently operates as a restaurant and event venue, can be converted into boutique hotel
• Private park of 16,000 m² with terrace, event areas, and decorative pool
• Current and potential net yields between 3.5% – 5.8%

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⭐ Public reviews (currently operates as a restaurant and event venue)

• 3.4/5 and 35 reviews on Tripadvisor
• 3.8/5 and 180 reviews on Google Maps
• Website

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📊 Performance

The property currently operates as a restaurant and event venue. Current rent is €85,000 per year, with net yield of 3.5% p.a., discounted due to tenant-funded renovation. Option to vacate upon request, estimated potential rent is €140,000 per year, with potential net yield of 5.8% p.a.

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✍️ Description from the real estate agent

ITALY – EMILIA-ROMAGNA | Prestigious Commercial Property in the Heart of the “Motor Valley”

Historic renovated property for sale – Modena, Northern Italy

Asking price: €2,400,000 (reverse charge VAT applicable)

A prestigious fully renovated historic property, located in a strategic area of Modena, just 5 minutes from the historic city center. Modena is 90 minutes from Milan and Florence, 40 minutes from Bologna International Airport, and is well connected to the high-speed rail and motorway networks.

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MODENA – CAPITAL OF AUTOMOTIVE, INDUSTRY & ITALIAN LIFESTYLE

Modena is one of the most dynamic economic hubs in Europe. A cultural, industrial, and academic center, it is home to or near some of the most iconic Italian brands: Ferrari (Maranello), Lamborghini, Maserati, Pagani, Dallara. The city is also a leader in the biomedical, ceramic, and agri-food sectors (Parmigiano Reggiano, balsamic vinegar, prosciutto, wine). It also hosts a major university and offers exceptional quality of life, attracting executives, entrepreneurs, students, and investors.

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PROPERTY DESCRIPTION

• Built area: approx. 1,200 m²

• Private park: 16,000 m²

• Outdoor terrace: approx. 200 m²

• Decorative pool integrated into the event area

• 4 bedrooms and 6 bathrooms, currently for commercial use (convertible into luxury residential or hospitality use)

• Direct access from a paved road

• Property held by a company – reverse charge VAT applicable

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CURRENT USE & POTENTIAL

The property is currently operated as a restaurant and event venue, with the option to terminate the lease at the seller’s expense. Historically, it was one of the most popular venues in the city for events, receptions, gala dinners, and entertainment. Possible uses:

• Restaurant, events, receptions

• Boutique hotel or corporate headquarters

• Clinic, medical center, wellness facility

• Luxury private residence

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INCOME & YIELD

• Current rent: €85,000 per year

• Estimated potential rent: €140,000 per year

• Current rent is discounted due to tenant-funded renovation

• Option to vacate upon request

Estimated net yield (current): approx. 3.5% p.a.

Estimated net yield (potential): approx. 5.8% p.a.

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ACCESS & CONNECTIONS

• 35 km from Bologna International Airport

• 90 minutes from Milan and Florence

• 1 hour from the Adriatic coast and Apennine ski resorts

• Close to motorway exits, public transport, and main hospital

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TERMS & PRESENTATION

Full documentation (floor plans, land registry, title records, photos) available upon verification of buyer credentials.

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An Exclusive Opportunity in the Heart of Italy’s Motor Valley

This is a rare chance to acquire a prestigious, fully renovated historic property in one of Northern Italy’s most dynamic and sought-after locations. With its expansive private park, versatile spaces, and strong income potential, this Modena estate is perfectly positioned for use as a boutique hotel or luxury event venue.

Don’t miss the opportunity to invest in a high-performing asset at the crossroads of Italy’s automotive, culinary, and cultural excellence. Contact us today for more information and to schedule a private tour of this exceptional property.