Excellent investment! Loft and apartment in Murano

Property in Murano in very high area with average tide of 2 m 10. Originally an old glass mill--a change of use has been made and approved. Ground floor with a single room of 126 square meters by 5 meters high with 11 large windows. A courtyard of 70 sq m exclusive to the property and an outbuilding of about 40 sq m completely renovated! In the 126 sqm to be renovated there is already a project approved by the City of Venice for the construction of 2 apartments of about 60 sqm for tourist use or a single apartment for residential use, or a large open space for exhibitions or designer studio. In the courtyard you can put plants or a gazebo with tables, chairs and deck chairs to relax after a day of vacation. For the construction of the 2 apartments for tourist use there is a restoration estimate of about €140 thousand, considering that there is still open restoration practice after finishing the renovation of the courtyard annex, currently inhabited by me. Dependance composed of a single open space with industrial windows, a full bathroom and a decent walk-in closet, with a small loft where to put any luggage or change of linen. Heating with radiators (3) + 1 towel warmer in the bathroom, air conditioning and full kitchen. Possibility in the annex to live there already or rent it (making profit), and in the meantime finish the restoration of the 126 sqm for tourist use, or in the 126 sqm make a residential apartment and rent the annex. The request for the whole property as is is €279 thousand (negotiable)!

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