Commercial building in the center of Turin, Italy

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Commercial building in the center of Turin, Italy

6,200,000 €
1,294 € /m²
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  • 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 and nearby infrastructure

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).

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Turin.

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