Shops, Varese, Italy

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Shops, Varese, Italy

2,500,000 €
1,250 € /m²
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  • Total area
    2,000 m²
  • Yield
    7.2%
Details
Financial performance
  • Annual income: 180,500 €
Tenants
  • Fully let
Transaction costs
  • Broker: 3.7%

Retail premises.

Description

Total area of the property is 2,000 m²

Financial performance

Absolute annual income is 180,500 €.

The current yield of 7.2%.

Tenants

Property is leased out to two retail chains.

The lease agreements was signed for 6 years with extension option for 6 years and without right of cancellation for 5 years.

Transaction costs

The broker's fee of 3.66%.

Location and nearby infrastructure

Property situated within 10 minutes drive from the city of Varese with population of about 80 thousand people. The distance to Milan is about 55 kilometres, to the Milan Malpensa Airport — 40 kilometres. Accessway to the motorway located within 1 kilometre from the property.

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