Supermarket in Milan, Lombardy, Italy

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Supermarket in Milan, Lombardy, Italy

1,530,000 €
3,187 € /m²
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  • Total area
    480 m²
  • Yield
    4.6%
  • Built in 
    2010
Details
Property parameters
  • Land area: 245 m²
  • Number of parking lots: 17
  • 6-floor building
  • 1 floor
Financial performance
  • Annual income: 70,500 €
Tenants
  • Fully let
  • End of lease: 2025
Features
  • Street retail

New retail store with a well-known chain tenant in Milan.

Description

The supermarket is located on the ground floor of a new residential building. It includes a ground floor of about 340 m² and two underground storage areas with a total area of 140 m².

The store overlooks the main street with as many as 10 large shop windows. It is also equipped with freight elevators.

There is a private outdoor parking for 17 cars.

Financial performance

The net annual income is 70,500 €.

The net yield is 4.6%.

Tenants

The property is fully let. The tenant is a popular retail store chain that sells cosmetics, healthcare items and household products.

The lease agreement is valid until 2025.

Location

The supermarket is located on the ground floor of a residential building. It is located on the busy street surrounded by numerous new residential buildings. Milan Central Station is just 2 km away, while the city center is about 4 km away.

Milan is a city in northern Italy, capital of Lombardy, and the second-most populous city in Italy after Rome. It is a major industrial and manufacturing centre of Italy. The province of Milan is home to about 45% of businesses in the Lombardy region and more than 8 percent of all businesses in Italy, including three Fortune 500 companies.

Milan is Italy's largest financial hub. The main national insurance companies and banking groups and over forty foreign insurance and banking companies are located in the city.

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