The property portfolio, consisting of the former Peano school, is located in the Municipality of Cinisello Balsamo, part of the metropolitan city of Milan. The recently constructed property is currently vacant and is located in an area with mixed use residential-commercial and small business properties. It is suitable for redevelopment in a collective residential structure or in a tourist-accommodation complex.
The self-contained rectangular-shaped building, with eight floors above ground and two underground floors, was built in 1975. The three stairwells are also served by 3 lifts. The larger underground floor housed the laboratories and gym of the former school. The property portfolio covers a gross covered surface above ground of 8,400 m² as well as 2,625 m² underground; it also includes a large green area and sports areas with facilities for a total surface of 13,210 m². The building, due to its size and structure, is ideally suited for redevelopment in a collective residential structure or in a tourist-accommodation complex. The property is part of the city’s 2015/2017 sale plan.
The property, located in a suburban area of the Municipality of Cinisello Balsamo (75,078 inhabitants), part of the metropolitan city of Milan (1,345,851 inhabitants), is the third largest municipality of the province (3.208.509 inhabitants), after the capital and Sesto San Giovanni. The building is located in Via Andrea Doria, close to Via A. Lincoln, that leads onto Viale Fulvio Testi, one of the main access roads into Milan from the north that, continuing along Viale Zara, reaches the “Porta Garibaldi” railway station. The area has excellent car access with the local roads, with the Cinisello – Sesto SG exit of the A-4 motorway (Torino-Venezia), and with the Sesto San Giovanni exit of the Tangenziale Nord orbital road (A-52). The centre of Milan (Piazza Duomo) is 12 km away, Como is 42 km away and Monza is 6 km away. The “Milano-Porta Garibaldi” railway station is 9 km from the property, whilst the Milano Linate international airport is 17 km from the area. The Sesto San Giovanni railway station, with the end of the line of the red metropolitan railway line (line 1), is 2.5 km from the property.