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 %
  • Rental rate (m²/month)
    7 €
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Details
Financial performance
  • Annual income: 180,500 €
Tenants
  • Occupancy: 100 %
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.

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

Statistics in Varese

Price per m², €
2,167
Healthcare efficiency level
55
Index 55 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
55
Index 55 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,167.0
Apartment in a bedroom community, m² 1,626.67
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 35.0
Taxi, 1 km 1.5
Petrol, 1 l 1.56
Food Price, €
Water, 1.5 l 0.43
Milk, 1 l 1.14
White bread, 500 g 1.89
Eggs, a dozen 2.87
Chicken fillet, 1 kg 8.4
Education Price, €
Kindergarten, per month 450.0
International school, per year 12,600.0
Health care index
Staff competence 62.5
Medical equipment 62.5
Research accuracy and completeness 58.33
Attitude towards patients 54.17
Security index
Crime rate 45.83
The risk of being robbed 47.92
The risk of car theft 47.92
The risk of break-in and property damage 47.92

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other retail space for sale in Italy.

You can see more retail space for sale in Varese elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this shop
    Julia Morozova
    Julia Morozova
    Investment consultant in Varese
    +44 17 4822 0039
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