Arad, Arad, Alba County

For investors looking to diversify their real estate portfolio, we present an exciting investment property with significant commercial potential: a unique historic inn with a rich history, for sale, located in the center of Arad city (Romania). Built on two levels in the pre-war period (1870-1875), the building is designed in a Classicist-Separatist style and has 19 rooms on each level, with a total of 38 rooms, as well as generous cellars in the basement. The attic is also a precious unpolished gem. This level offers possibilities for commercial exploitation, beyond expectations, characterized by large spaces, with generous openings that can be arranged functionally at the most optimal level. Returning to the inn's history, preserved historical documents tell how during World War II 40 Jews were hidden in the basement of the building, whose lives were saved by the owner of the inn. Economic potential Arad, the city called the "Little Vienna" by the historical writer Nicolae Iorga and the "Third Rome" by other Romanian historians, is an attractive tourist landmark with a rich cultural life and at the same time a historic city with beautiful architecture, with long-term ambitious regional development plans. Arad has two major internationally recognized universities, and as such students from all over the world choose to study medicine in the "Little Vienna". Arad is also a very important hub for the automotive industry, tourism services and agriculture with numerous Austrian, German and Italian companies based here. As Arad has two successful 5-star hotels, this inn is of interest to the visionary investors willing to restore its former charm and make it a landmark of the city yet again, either in the form of an exclusive residential building, office building, either in the form of a boutique INNôtel (inn-hotel) of 4 or even 5 stars. The ultra-central location, the generous ground area related to the building and the total usable area of the building are details that make this house extremely attractive. Apart from the main body of the building, the property has also a functional annex with 5 rooms, built on two levels, which can become the administrative headquarters of the property. The cellars have excellent potential as they can be transformed into two restaurants with different themes. Combining the story of the place's history with the remarkable passion of a visionary entrepreneur, this property can be shaped and polished to become a true diamond for your business portfolio. This commercial real estate property is a precious, unpolished gem that offers not only possibilities for commercial exploitation, beyond expectations, but also one of the most suitable ways to preserve your financial and purchasing power, however, it is most suitable for determined investors willing to allocate adequate financial resources for its makeover. Interested? Contact us!