Italian restaurant in Milan, Italy

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Italian restaurant in Milan, Italy

920,000 €
5,111 € /m²
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  • Total area
    180 m²
  • Yield
    6.5%
Details
Financial performance
  • Annual income: 60,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 4.0%

Retail property on the ground floor.

Description

Retail property of 180 m² plus cellar of 40 m² with two shop windows.

The property is currently being renovated by the new tenant.

Energy Performance Certificate

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

Financial performance

Absolute annual income is 60,000 €.

Current yield: 6,5%.

Tenants

The lease contract has a duration of 6 + 6 years starting from 2018.

Transaction costs

Brokerage fee 4% + VAT.

Location and nearby infrastructure

The facility is located in 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.

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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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