Commercial premises, Milan, Italy

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Commercial premises, Milan, Italy

1,400,000 €
5,384 € /m²
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  • Total area
    260 m²
  • Yield
    6.0%
Details
Financial performance
  • Annual income: 84,000 €
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Broker: 3.0%

Commercial space in excellent condition.

Description

The space of 260 m² located on two floors.

Renovated in 2016.

Financial performance

Absolute annual income is 84,000 €.

Current yield: 6%.

Tenants

The contract with the tenant is concluded until 31.05.2022.

Transaction costs

Brokerage fee 3% + VAT.

Location and nearby infrastructure

The facility is located in the Repubblica/ Centrale area of Milan.

Milan is the center of the Lombardy region, Italy's second largest city, the country's largest industrial, financial, commercial and transport hub, an important cultural center. The population of the city is more than 1.3 million people.

The city is famous for its museums, art galleries, theaters, monuments of architecture, educational institutions.

There are many financial and trading companies (Pirelli, Telecom Italia, Alfa Romeo) in Milan; industrial enterprises are located in the suburbs. The fashion houses and clothing industry copanies (Giorgio Armani, Gianni Versace, Dolce & Gabbana, Prada, etc.) are world famous and located in Milan.

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