Shop near the railway station, Milan, Italy

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Shop near the railway station, Milan, Italy

1,660,000 €
2,114 € /m²
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  • Total area
    785 m²
  • Yield
    6.0%
  • Rental rate (m²/month)
    11 €
Details
Property parameters
  • Leasable area: 785 m²
  • 1 floor
Financial performance
  • Annual income: 100,000 €
Tenants
  • Fully let
  • End of lease: 2031
Features
  • Street retail

Two-level street retail with parking spaces.

Description

The shop covers an area of 785 m², has 7 windows display and is located on two levels:

  • ground floor (340 m²)
  • basement (340 m² + technical rooms 105 m²)

Financial performance

The absolute annual income is 100,000 €.

The current yield is 6%.

Tenants

The lease agreement is valid for a period of 6 + 6 years since February 2019.

Location and nearby infrastructure

The property is located in Milan near the railway station and the motorway exit, close to the commercial area of Portello.

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.

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