Investment project, Province of Varese, Italy

Additional information is provided after the signing of an NDA

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.

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Enquire about this office building
Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Varese
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services