As described by the owners, this is very much a two-bedroom/two bathroom accommodation with coffee and tea-making facilities. There is a microwave, but no table to sit around to eat in comfort. So in its current configuration there is no dining or 'reception' area.
That said the apartment was perfect for us as we were using Bologna as a hub to make one day visits by rail to other cities, and then eating out upon our return each evening. Both the local restaurant and bar that Arianna recommended were excellent and we used them both several times.