OFFERS GATHERING - Apartment and garage in San Gemini (TR), Località Osteria, Via Giulio Noccioli 5 - LOT 1

The buildings are registered at Real Estate Registry of City of San Gemini at sheet 9:

Parcel 858 – Sub 5 – Category A/2 – Class 6 – Consistency 3 compartments – Cadastral Rent € 240.15
Parcel 858 – Sub 21 – Category C/6 – Class 4 – Consistency 47 sqm – Cadastral Rent € 104.38

Ground floor apartment of a three storey building.
Internally it is divided into a living room with kitchenette, hallway, bedroom and a bathroom.
There is a terrace and a level courtyard.
The garage is located in the basement of the same building.
The garage is occupied without title.

Compliance Notes:
The following irregularities were found: The development plan approved on 09/13/2002 was followed by the stipulation of the agreement on 09/26/2002, deed transcribed on 08/28/2002. The related urbanization works were tested by Eng. Benedetti (for the secondary urbanizations of the 1st and 2nd excerpt) and by the arch. Bergonzi for the remaining primary and secondary urbanization works of the 1st, 2nd, 3rd phase. From the test of the arch. Bergonzi has not released an amount of € 98,062.56, calculated on the 2002 costs indicated in the agreement. Given the circumstance that the works carried out present critical issues in use (sewers in particular), as verifiable by the response of the Municipality of San Gemini dated 05/05/23, regularization costs of the urbanization and extraordinary maintenance work are expected for at least € 6,000.00 for each apartment, including garage.
Estimated completion and maintenance costs: € 6,000.00
Notes: It should be noted that the 2002 agreement provided for in art. 4 and 9 that the future purchasers of the properties should take over all the obligations undertaken and not fulfilled at the time of the sale date. It should also be noted that the variant to the development plan, approved on 01/10/2012, was not followed by any stipulation of a new agreement. Therefore the variant to the P.L. it is to be considered as a suspended practice and awaiting the political-administrative decisions that will be approved in this regard by the City Council. As can be obtained from the response of the Municipality of San Gemini of 05/05/23.

For the above, urban planning compliance is NOT declared; notes: The lack of complete testing of the primary and secondary urbanization works, together with the suspension of the variant to the Allotment Plan, do not allow the declaration of urban planning compliance.

For further information consult attached appraisal and documention.

OFFERS GATHERING - Apartment and garage in San Gemini (TR), Località Osteria, Via Giulio Noccioli 5 - LOT 2

The buildings are registered at Real Estate Registry of City of San Gemini at sheet 9:

Parcel 858 – Sub 10 – Category A/2 – Class 6 – Consistency 3 compartments – Cadastral Rent € 240.15
Parcel 858 – Sub 19 – Category C/6 – Class 4 – Consistency 24 sqm – Cadastral Rent € 53.30

First floor apartment of a three storey building.
Internally it is divided into a living room with kitchenette, hallway, bedroom and a bathroom.
There are two terrace.
The garage is located in the basement of the same building.

Compliance Notes:
The following irregularities were found: The development plan approved on 09/13/2002 was followed by the stipulation of the agreement on 09/26/2002, deed transcribed on 08/28/2002. The related urbanization works were tested by Eng. Benedetti (for the secondary urbanizations of the 1st and 2nd excerpt) and by the arch. Bergonzi for the remaining primary and secondary urbanization works of the 1st, 2nd, 3rd phase. From the test of the arch. Bergonzi has not released an amount of € 98,062.56, calculated on the 2002 costs indicated in the agreement. Given the circumstance that the works carried out present critical issues in use (sewers in particular), as verifiable by the response of the Municipality of San Gemini dated 05/05/23, regularization costs of the urbanization and extraordinary maintenance work are expected for at least € 6,000.00 for each apartment, including garage.
Estimated completion and maintenance costs: € 6,000.00
Notes: It should be noted that the 2002 agreement provided for in art. 4 and 9 that the future purchasers of the properties should take over all the obligations undertaken and not fulfilled at the time of the sale date. It should also be noted that the variant to the development plan, approved on 01/10/2012, was not followed by any stipulation of a new agreement. Therefore the variant to the P.L. it is to be considered as a suspended practice and awaiting the political-administrative decisions that will be approved in this regard by the City Council. As can be obtained from the response of the Municipality of San Gemini of 05/05/23.

For the above, urban planning compliance is NOT declared; notes: The lack of complete testing of the primary and secondary urbanization works, together with the suspension of the variant to the Allotment Plan, do not allow the declaration of urban planning compliance.

For further information consult attached appraisal and documention.

OFFERS GATHERING - Garage in San Gemini (TR), Località Osteria, Via Giulio Noccioli 5 - LOT 3

The building is registered at Real Estate Registry of City of San Gemini at sheet 9:

Parcel 858 – Sub 16 – Category C/6 – Class 4 – Consistency 41 sqm – Cadastral Rent € 91,05

First floor apartment of a three storey building.
Internally it is divided into a living room with kitchenette, hallway, bedroom and a bathroom.
There are two terrace.
The garage is located in the basement of the same building.

Compliance Notes:
The following irregularities were found: The development plan approved on 09/13/2002 was followed by the stipulation of the agreement on 09/26/2002, deed transcribed on 08/28/2002. The related urbanization works were tested by Eng. Benedetti (for the secondary urbanizations of the 1st and 2nd excerpt) and by the arch. Bergonzi for the remaining primary and secondary urbanization works of the 1st, 2nd, 3rd phase. From the test of the arch. Bergonzi has not released an amount of € 98,062.56, calculated on the 2002 costs indicated in the agreement. Given the circumstance that the works performed present critical issues in use (sewers in particular), as verifiable by the response of the Municipality of San Gemini dated 05/05/23, regularization costs of the urbanization and extraordinary maintenance work are expected for at least € 2,000.00 for garage and cellar.
Estimated completion and maintenance costs: € 2,000.00
Notes: It should be noted that the 2002 agreement provided for in art. 4 and 9 that the future purchasers of the properties should take over all the obligations undertaken and not fulfilled at the time of the sale date. It should also be noted that the variant to the development plan, approved on 01/10/2012, was not followed by any stipulation of a new agreement. Therefore the variant to the P.L. it is to be considered as a suspended practice and awaiting the political-administrative decisions that will be approved in this regard by the City Council. As can be obtained from the response of the Municipality of San Gemini of 05/05/23.

For the above, urban planning compliance is NOT declared; notes: The lack of complete testing of the primary and secondary urbanization works, together with the suspension of the variant to the Allotment Plan, do not allow the declaration of urban planning compliance.

For further information consult attached appraisal and documention.

OFFERS GATHERING - Building lands in San Gemini (TR), Località Osteria, Via Rocco Cristiano - LOT 4

The building is registered at Real Estate Registry of City of San Gemini at sheet 9:

Particle 693 - Olive grove - Class 3 - Surface area 3,435 sqm - R.D. € 10.64 - R.A. €5.32
Particle 786 - Arable land with trees - Class 2 - Surface area 200 sqm - R.D. € 1.08 - R.A. € 0.72

The land in question falls within the area:
- Sub-area type F - Public green areas and sports
- Sub-areas type A/B/C/D - Tourist-accommodation areas subject to implementation plan
- Subzones type A/B/C/D - Residential areas for maintenance and conservation.

It should be noted that said parcel of land no. 786 was included in the Building Convention stipulated between the Municipality of San Gemini and the bankrupt company on 09/26/2002 as a portion of parcel 509, but which was subsequently divided into parts. 709 with division of 08/22/2003. Subsequently divided into the current 786 on 05/06/2006. This is a relic which, in 2002, was a portion of a nearby road being built, subsequently abolished in the current PRG. Therefore, this area is deemed not to be subject to the 2002 Convention.

For further information consult attached appraisal and documention.