Office building – Milan, Lombardy, Italy

Additional information is provided after the signing of an NDA

Office building – Milan, Lombardy, Italy

7,000,000 €
1,750 € /m²
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  • Total area
    4,000 m²
  • Yield
    8.0 %
  • Rental rate (m²/month)
    11 €
  • Built in 
    2008
Details
Financial performance
  • Annual income: 560,000 €
Transaction costs
  • Broker: 3.0 %

Office building in excellent condition.

Description

The office is a 4,000 m² building built in 2008.

It has a basement floor of 1,000 m² and an outside parking area.

Energy Performance Certificate

  • Energy class: G
  • Consumption value: 175,00 kWh/ m² a
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Financial performance

The cost of the property: 7,000,000 € + VAT.

Absolute annual income is 560,000 €.

Current yield: 8%.

Loan

A loan of 2,100,000 € at 1,5% can be taken out.

Tenants

Tenant since is a triple-A large international group.

Triple-A tenant is a commercial tenant with excellent credit, extremely low sensitivity to temporary market downturns, and, ideally, national name recognition. Banks are generally included within the examples of triple-A tenants because they are financially strong strength and prestigious tenants.

The rent agreement was renewed in 2015 for 6+6 years.

Transaction costs

Brokerage fee 3% + VAT.

Location and nearby infrastructure

The property is located near the subway.

Milan center in 15 minutes away, and it takes 10 minutes to get to the highway.

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

More properties

If this property wasn’t for you, take a look at other office buildings for sale in Italy.

You can see more office buildings for sale in Milan elsewhere on our website.

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