Retail store in the center of Milan, Italy

Additional information is provided after the signing of an NDA

Retail store in the center of Milan, Italy

2,850,000 €
3,800 € /m²
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  • Total area
    750 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    19 €
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Details
Property parameters
  • Number of parking lots: 5
Financial performance
  • Annual income: 171,000 €
Tenants
  • Occupancy: 100 %
Transaction costs
  • Broker: 3.0 %

A plumbing street retail in Milan.

Description

A retail store with 7 windows-showcases and the parking in the courtyard.

The property is located in a historic building in an elegant style of the early 20th century.

The building has recently been completely renovated using high quality materials and finishes.

3 additional parking spaces are available for rent.

The store is located on 2 levels:

  • the ground floor area is 580 m²
  • the basement area — 170 m²

Benefits

  • reliable tenant
  • location in the center of Milan (in the area suitable for retail)
  • facade of the building faces a busy street
  • tenant has the right to reimburse goodwill or preemptive right (as the shop is rented as a showroom)
  • 3 additional parking spaces available for rent
  • possibility of dividing the store into separate retail units (at the end of the lease agreement)

Financial performance

The absolute annual income is 171,000 €.

The current yield is 6%.

Tenants

The tenant is a German company — one of the leading in the plumbing and bathroom design sector.

Transaction costs

Brokerage fee is 3% + VAT.

Location

The property is located in the center of Milan. The office and residential district of Porta Nuova, the Central Railway Station, the main shopping street — Buenos Aires, Porta Venezia are located nearby.

Milan is the center of the Lombardy region, the 2nd largest city of Italy, the largest industrial, financial, commercial and transport hub of the country, an important cultural center. The population of the city is more than 1.3 million people.

There are many financial and trading companies (Pirelli, Telecom Italia, Alfa Romeo) in Milan, and there are industrial enterprises in the suburbs.

Fashion houses and light industry enterprises (Giorgio Armani, Gianni Versace, Dolce & Gabbana, Prada and others) are world famous.

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

There are restaurants and cafes, schools, a hairdresser, car rentals, a bank near the property.

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

Statistics in Milan

Price per m², €
7,256
Healthcare efficiency level
71
Index 71 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 7,255.8
Apartment in a bedroom community, m² 3,173.68
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 35.0
Taxi, 1 km 1.09
Petrol, 1 l 1.6
Food Price, €
Water, 1.5 l 0.43
Milk, 1 l 1.22
White bread, 500 g 1.89
Eggs, a dozen 2.79
Chicken fillet, 1 kg 8.67
Education Price, €
Kindergarten, per month 652.86
International school, per year 10,973.68
Health care index
Staff competence 78.61
Medical equipment 85.19
Research accuracy and completeness 76.46
Attitude towards patients 66.26
Security index
Crime rate 45.18
The risk of being robbed 43.91
The risk of car theft 50.65
The risk of break-in and property damage 55.64

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other retail space for sale in Italy.

You can see more retail space for sale in Milan elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
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  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Milan
    +44 17 4822 0039
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