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.
Absolute annual income is 660,000 €.
The current yield of 7%.
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.
The broker's fee of 3.66%.
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.
