Ortygia is located at the eastern end of Syracuse and is separated from it by a narrow channel. Three bridges connect the island to mainland Sicily. The island is an extremely popular place for tourism, shopping, entertainment and also a residential area. Emansland is promoting not just investments but procurement and an opportunity to own a piece of History. These buildings on the Island were constructed in the late 16th Century through the 18th Century. Made of Solid block, however over the course of a few hundred years, some of these investments and vacated buildings and structures require significant renovations.
Based on their solidity and strong foundation, there are ample renovations underway now and have been getting more popular since 2008. Tourism is skyrocketing to the rock of Ortigia. The water and lifestyle is like no other. Emansland has recently partnered up with one of the most successful engineering and contracting firms on the island who are currently renovating a waterfront Hotel called Hotel Algira.
This exquisite 19th building can be found in the heart of the historic centre of Siracusa. It enjoys a magnificent view of the glorious Ortigia sea. Giving onto the ancient “Mastra Rua” where the Siracusan nobility resided as far back as the 14th century, the Algila Ortigia Charme Hotel is still a starting point for cultural and historical itineraries. Its recent restoration has maintained the original, well-planned structure which is made up of three buildings and this contributes to its dynamic layout. All thirty rooms are furnished differently with antique furniture, four-poster beds and refined interior decoration which all add to its distinctive Sicilian touch as well as Mediterranean features such as colourful bathrooms tiles. The charm of the past which can be found in the restored furnishings and fittings does not disregard the need for today’s comforts. You will love the Algila Ortigia Charme Hotel.
It is estimated that the 2000 sq meter building will be worth approx. $10M USD.
Current opportunities include but certainly not limited to:
– 3 story unfinished renovation project, 1 block off the water but in a very great location.
Asking price: $750K USD.
Renovations estimated at $1M USD.
This 3 story building can be transitioned into 6-8 units.
There are many significant investors seeking out Ortigia, so the time is NOW! 30% unemployment rate provides a strong will to rebuild and to produce jobs within the community. Local municipality is welcoming any investment group or development firm to support the revitalization and preservation of what is known to us as the Kingdom of Sicily. Not to mention an available Airport less than 20 minutes from Ortigia could provide direct flights, and an opportunity to help the region of Siracusa gain further economic support and redevelopment.