Investment project, Province of Varese, Italy

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Investment project, Province of Varese, Italy

9,450,000 €
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Total area: 12,415 m² Yield: 7.0% Built in 2018
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Features
  • Operating Incomе: 660,000 €
  • Land area: 22,000 m²
  • Broker: 3.7%

Project of commercial property construction.

Description

Total area of the property is 12,415 m²

Property will be comprised of office premises and storage premises.

Area of the offices — 1,215 m²

Area of the storage — 11,200 m²

A construction permit has already been obtained.

Property will be fitted with heating systems and air condition systems at work places.

Financial performance

Absolute annual income is 660,000 €.

The current yield of 7%.

Tenants

The tenant is an international company.

The lease agreement was signed for 12 years with extension option for 6 years and without right of cancellation for 12 years.

Transaction costs

The broker's fee of 3.66%.

Location and nearby objects

Property situated within 1 kilometre away from the access to the motorway. The favorable location of the project gives fast access to the center of Milan and Milan Malpensa airport.

Statistics in Varese

Price per m², €
2,001
Healthcare efficiency level
55
Crime rate
45
Real estate Price, €
Apartment in the city centre, m² 2,000.5
Apartment in a bedroom community, m² 1,617.5
Transport Price, €
Public transport, 1 ride 1.45
Monthly travel card 35.0
Taxi, 1 km 1.23
Petrol, 1 l 1.54
Food Price, €
Water, 1.5 l 0.4
Milk, 1 l 1.15
White bread, 500 g 1.67
Eggs, a dozen 2.47
Chicken fillet, 1 kg 8.35
Education Price, €
Kindergarten, per month 450.0
International school, per year 13,000.0
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

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Enquire about this office building
Olga Starintseva
Real Estate Expert Tranio in Varese
+44 17 4822 0039
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