Two-level shop, Milan, Italy

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Two-level shop, Milan, Italy

2,000,000 €
5,128 € /m²
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  • Total area
    390 m²
  • Yield
    5.5%
  • Rental rate (m²/month)
    24 €
Details
Property parameters
  • Leasable area: 390 m²
  • 1 floor
Financial performance
  • Annual income: 110,000 €
Tenants
  • Fully let
  • End of lease: 2030
Features
  • Street retail

Street retail located near the city center.

Description

The shop covers an area of 390 m², has 6 windows display and is located on two levels:

  • ground floor (170 m²)
  • basement (220 m²)

Financial performance

The absolute annual income is 110,000 €.

The current yield is 5,5%.

Tenants

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

Location

The property is located near the center of Milan.

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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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