Historic building dating back to 1830, in a prime central location close to the sea in a growing coastal city in Northeastern Italy. The property has around 1,744 sqm of net area and 41 units. It was renovated in 2010 and fully refurbished in 2023, and it is currently permitted and run for hospitality, serving both short- and long-term stays. It combines apartments of various sizes with commercial and common areas. With flexible management options, rising tourism and major infrastructure investment in the area, it is a strong value-add opportunity across hospitality, serviced apartments and residential.