Office building – Milan, Lombardy, Italy

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Office building – Milan, Lombardy, Italy

7,000,000 €
1,750 € /m²
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  • Total area
    4,000 m²
  • Yield
    8.0%
  • 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
  •  

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

The property is located near the subway.

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

More properties

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

All ads in the country: office buildings for sale in Italy.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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