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.
