Restaurant in the central part of Milan, Italy

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Restaurant in the central part of Milan, Italy

1,200,000 €
4,615 € /m²
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  • Total area
    260 m²
  • Yield
    6.0%
Details
Financial performance
  • Annual income: 72,000 €
Tenants
  • Fully let
  • End of lease: 2022

Commercial property on the ground floor of the building.

Description

The total area of the property is 260 m².

The restaurant is located on the ground floor and the lower level of the building.

The property was recently renovated.

Financial performance

The absolute annual income is 72,000 euros.

The current yield is 6%.

Tenants

The restaurant is rented.

The lease agreement is valid until 2022 and includes an extension option for 6 years.

Transaction costs

The brokerage fee is 3% + VAT.

Location

The restaurant is located in the central part of the city, in a few-minutes walk from the metro station. There are many shops, boutiques, and hotels situated in proximity from the property.

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

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