Office space in the center of Milan, Italy

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Office space in the center of Milan, Italy

6,500,000 €
6,500 € /m²
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  • Total area
    1,000 m²
  • Yield
    5.0%
Details
Financial performance
  • Annual income: 320,000 €
Tenants
  • Fully let
  • End of lease: 2023
Features
  • Street retail

Office space on the ground floor in Milan.

Description

Office with an area of over 1,000 m²:

  • ground floor 640 m²
  • basement 360 m²

Equipment

  • large panoramic windows
  • meeting rooms
  • courtyard with an area of 100 m²

Financial performance

The annual income is 320,000 euros.

The yield is 5%.

Tenants

The property is fully let.

The lease was concluded until 2023 with the option of extending for 6 years.

Location and nearby infrastructure

The property is located in the center of Milan.

Milan is a city in northern Italy, capital of Lombardy, and the second-most populous city in Italy after Rome. The population of the city is more than 1.3 million people.

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.

The city is famous for its museums, art galleries, theaters, architectural monuments, educational institutions.

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