Street retail on the ground floor located on the street with high traffic.
The shop covers an area of 270 m² and has 4 windows display facing the busy street.
The absolute annual income is 140,000 €.
The current yield is 5%.
The lease agreement is valid for a period of 6 + 6 years since June 2018.
The property is located near the historic center of the city in Milan. There is a metro station, various museums and palaces, a park, hotels and restaurants 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.