Hotel – Milan, Lombardy, Italy

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Hotel – Milan, Lombardy, Italy

60,000,000 €
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  • Yield
    6.0%
Details
Property parameters
  • Hotel rating: 4
Financial performance
  • Annual income: 3,600,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Broker: 3.0%
Features
  • Golf course

Totally renovated 4-star hotel

Description

167 rooms + 96 apartments

Equipment

  • 2 restaurants
  • Small golf course-practice

Energy Performance Certificate

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

Financial performance

Absolute annual income is 3,600,000 €.

Current yield: 6%.

Tenants

The property is leased to a hotel managing company under a world famous brand with a lease contract of 20 years starting from July 2017.

Transaction costs

Brokerage fee 3% + VAT.

Location and nearby infrastructure

The facility is located in Milan.

The nearest metro stop is 100 meters from the hotel, close to the bus stops and links to the international airports.

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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