Office space, Milan, Italy

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Office space, Milan, Italy

700,000 €
4,929 € /m²
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  • Total area
    142 m²
  • Yield
    8.5%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 60,000 €
Tenants
  • Fully let
  • End of lease: 2020
Property status
  • Most recent total renovation: 2013
Transaction costs
  • Broker: 3.0%

Commercial unit on the first floor of the building.

Description

The total area of the property is 142 m².

The room is equipped with five storefronts.

The office was completely renovated in 2013.

Financial performance

Absolute annual income is 60,000 €.

The current yield of 8.5%.

Tenants

The lessee is the bank.

The lease agreement is valid until 2020 and includes options for an extension for 6 years.

Transaction costs

The brokerage fee is 3%.

Location

The office is located in the central part of the city.

More properties

If this ad doesn't suit you, have a look at the other offices for sale in Milan.

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