40 room-hotel with a business plan for renovation and rental, Rome, Italy
- 7,440,000 €
- 7.0% yield
- Milan Hotel 20,000,000 €
- Basic parameters
- Photo
№ 2,307,306
Hotel in the center of Milan, Italy
20,000,000 €
7,407 € /m²
- Room stock 120
- Yield —
- Constructed —
- Price per key 166,666 €
Key project parameters
- Total area
- 2,700 m²
- Room stock
- 120
- Hotel rating
- 4
- Price per key
- 166,666 €
Project description
4-star hotel in the center of Milan.
Description
The hotel with an area of 2,700 m² consists of 120 rooms and is in perfect condition.
Equipment: 2 elevators.
There is an underground garage, a conference room, a dining room, a fitness room.
Occupancy — 85% per annum.
Extra information
Underground parking
Elevator
Fitness
Tenants
- Agreement
- Yes
- End of lease
- 2035
The property is fully let. The tenant is an Italian operator.
The long-term tenancy contract has been concluded with a term of 2035 (early termination of the tenancy contract is possible, if required).
Transaction costs
Brokerage fee.
Location and nearby infrastructure
The property is located in the heart of Milan, near an underground station and a railway station.
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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- annual yield
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- exit period
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