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AT AUCTION Business branch whose object is the organization and management of a boarding school/dormitory/canteen and gym in Perugia

The activity is currently carried out in a portion of the real estate complex located in the Municipality of Perugia, Strada Lacugnano No. 67, registered in the land registry at Sheet 281 parcel 7, floors T-1-2-3-4-5, category B/5, class 3, cadastral area 14,222 sq m and cadastral income EUR 67,139.28 (in the remaining part of said real estate complex, the activity of the business branch relating to the organization and management of schools and training courses is carried out, subject to a separate sale procedure). It must be specified that the business branch in question does not in any way include either ownership or any other real right over the aforementioned real estate complex, nor over the portion thereof in which the activity of such branch is currently carried out.
The assets and rights forming the object of the business branch are as follows:
- Administrative authorization for Study Stay Center issued by the Municipality of Perugia on 2/9/1999 protocol no. 83088 and Health Authorization issued by the Municipality of Perugia on 27/04/1999 protocol no. 49437;
- Instrumental assets including furniture, equipment and systems.
No employment relationship pertains to the business branch being valued.
The boarding school under management has 150 beds, as well as a recreation room, reading room and refreshment point active for breakfast, lunch and dinner, while the sports hall under management has a grandstand for about 300 people and can also host volleyball, five-a-side football and basketball matches and tournaments, as well as sports and cultural events, meetings and conferences. There is also a gym.

Please note that a business branch lease agreement is currently in place concerning the activity of organization, management and operation of the boarding school/dormitory and canteen, as well as the organization, management and operation of the gym for amateur and/or professional sports purposes, equipped with the Administrative Authorization for Study Stay Center issued by the Municipality of Perugia on 2/09/1999 protocol no. 083088 and the Health Authorization issued by the Municipality of Perugia on 27/04/1999 protocol no. 049437, and it covers the movable assets and equipment, authorizations, licenses and/or permits issued by Public Administrations for carrying out the business activity, as well as the availability of part of the premises of the property located in Perugia, Strada Lacugnano No. 067, registered in the land registry at Sheet 281 parcel 7, floors T-1-2-3-4-5, category B/5, class 3, cadastral area 14,222 sq m and cadastral income EUR 67,139.28. The annual rent was agreed at EUR 100,000.00 plus VAT and the term was agreed at 3 years with tacit annual renewal.
Subsequently, with regard to the real estate portion subject to the aforementioned business branch lease, the lessee entered into:
i.) on 31/10/2023 a lease agreement with (omitted), lasting six years and tacitly renewable for another six, concerning the gym, for an annual rent of EUR 42,000.00 for the first year and EUR 36,000.00 starting from the second year, plus VAT;
ii.) on 04/09/2024 a lease agreement with (omitted), lasting three years, concerning the remaining part of the property subject to the business branch lease with the Company, for an annual rent of EUR 200,000.00 plus VAT.
The following must be highlighted in this regard:
- that the aforementioned lease agreement for the business branch carrying out the activity of organization and management of the boarding school/dormitory, canteen and gym has been terminated and will therefore naturally expire on 18.10.2026
- that the lease agreement dated 04/09/2024 referred to in the previous point ii) appears to have been terminated

For further information, consult the appraisal and the attached documentation