Investment project, Province of Varese, Italy

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Investment project, Province of Varese, Italy

9,450,000 €
761 € /m²
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  • Total area
    12,415 m²
  • Yield
    7.0%
  • Built in 
    2018
Details
Property parameters
  • Land area: 22,000 m²
Financial performance
  • Annual income: 660,000 €
Transaction costs
  • 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 infrastructure

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.

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

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