Commercial premises in Milan, Italy

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Commercial premises in Milan, Italy

1,000,000 €
11,764 € /m²
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  • Total area
    85 m²
  • Yield
    4.0%
Details
Financial performance
  • Annual income: 40,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 4.0%

Renovated retail property.

Description

Composed on 2 levels, recently and expertly renovated.

The access is by road where one of the four windows that reach the ground is used as an entrance; it can also be accessed from the condominium entrance directly on the first floor.

At the ground floor the tenant has a café bar, while on the first floor there is a sartorial office.

Energy Performance Certificate

  • Energy class: G
  • Consumption value: 81,550 kWh/ m² a
  •  

Financial performance

Absolute annual income is 40,000 €.

Current yield: 4%.

Tenants

The shop is currently rented with a regular contract with starting date of the lease from 2014 (6+6 years).

Transaction costs

Brokerage fee 3% + 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 property wasn’t for you, take a look at other retail space for sale in Milan.

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