Store near metro in central Milan

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Store near metro in central Milan

2,800,000 €
12,173 € /m²
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  • Total area
    230 m²
  • Yield
    4.6%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 128,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 3.0%
Features
  • Street retail

It is a store investment in sought-after area with high traffic in Milan.

Description

The store is located on the ground and basement floors of the building.

The total area is 230 m².

The property is fully leased out.

Financial performance

Absolute income is 128,000 €.

The current yield of 4,6%.

Broker's fee of 3% + VAT.

Tenants

Tenant is an international company specializing in interior design.

The lease agreement was signed in 2013 for 6 years with extension option for another 6 years.

Location and nearby infrastructure

The property is located near the center of Milan in a quiet and attractive area with many stores of luxury brands, elegant cafés, gardens and parks.

The pedestrian and vechile traffic are high, the M1 metro line is in the immediate vicinity of the area.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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