Two-level shop, Milan, Italy

Additional information is provided after the signing of an NDA

Two-level shop, Milan, Italy

670,000 €
4,785 € /m²
Learn the property location
Send the listing to yourself
  • Total area
    140 m²
  • Yield
    6.0%
  • Rental rate (m²/month)
    24 €
Details
Property parameters
  • Leasable area: 140 m²
  • 1 floor
Financial performance
  • Annual income: 40,000 €
Tenants
  • Fully let
  • End of lease: 2030
Features
  • Street retail

Street retail located near the city center.

Description

The shop covers an area of 140 m², has two windows display facing the street and is located on two levels:

  • ground floor (95 m²)
  • basement (45 m²)

Financial performance

The absolute annual income is 40,000 €.

The current yield is 6%.

Tenants

The lease agreement is valid for a period of 6 + 6 years since January 2018.

Location and nearby infrastructure

The property is located in Milan, near the city center. There are two metro stations, various shops, restaurants, a cinema and an educational institution located nearby.

Milan is the administrative center of Lombardy (the largest region of Italy) and the province of Milan. The population of Milan is more than 1,350,000 people (the 2nd largest city in Italy).

The city is considered the financial and economic capital of the country and one of the world's fashion capitals. There are many financial and trading companies in Milan (Pirelli, Telecom Italia, Alfa Romeo).

Fashion houses and light industry enterprises (Giorgio Armani, Gianni Versace, Dolce & Gabbana, Prada) are world famous. Milan's fashion week is held twice a year.

Milan is served by 3 airports and it is a major European hub of air traffic with a turnover of more than 30 million passengers a year.

More properties

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

All ads in the country: retail space for sale in Italy.

Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    Send a request