Commercial building in the center of Turin, Italy

Additional information is provided after the signing of an NDA

Commercial building in the center of Turin, Italy

6,200,000 €
1,294 € /m²
Learn the property location
Send the listing to yourself
  • Total area
    4,791 m²
  • Yield
    6.2%
Details
Financial performance
  • Annual income: 385,157 €
Tenants
  • Fully let
  • End of lease: 2033

Building in the center of Turin with a long-term lease agreement.

Description

The building is in an excellent condition, modern and high quality materials are used for decoration.

Inside the building there is strategic equipment for telephony operation.

Tenants

Anchor tenant is the largest mobile operator in Italy.

The lease agreement is valid until 2033. After the expiration of the current contract, the tenant wants to extend the contract with the owner for the same long period.

Location

Turin is an important business and cultural center of northern Italy, the administrative center of the Piedmont region and the province of Turin.

Turin has about 880,000 people (together with the suburbs — 1,700,000 people). The city is the 4th by number of inhabitants in Italy after Rome, Milan and Naples.

Turin — the 2nd industrial center of the country after Milan.

The leading sector of the Turin economy is heavy industry (FIAT enterprises). Turin's automotive plants provide 80% of the total Italian car production. FIAT also owns metallurgical, aviation, car-building, tractor plants, production of marine engines and others.

The 2nd powerful industrial complex in Turin are the enterprises of the firm RIV (production of ball bearings and machines for their manufacture).

There are numerous engineering plants of other companies, enterprises of rubber, cable, chemical, pharmaceutical industry in Turin. The old branches of the Turin industry retain their value: textiles, clothing, printing, food (including winemaking, confectionery).

The city has a rich history and culture, and it is well known for its art galleries, palaces, theaters, museums, parks, architecture (baroque, rococo, modern neoclassicism).

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

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.
    Andrei Burak,
    investment specialist
    Send a request