Street retail located near the city center.
The shop covers an area of 140 m², has two windows display facing the street and is located on two levels:
- ground floor (95 m²)
- basement (45 m²)
The absolute annual income is 40,000 €.
The current yield is 6%.
The lease agreement is valid for a period of 6 + 6 years since January 2018.
The property is located in Milan, near the city center. There are two metro stations, various shops, restaurants, a cinema and an educational institution located nearby.
Milan is the administrative center of Lombardy (the largest region of Italy) and the province of Milan. The population of Milan is more than 1,350,000 people (the 2nd largest city in Italy).
The city is considered the financial and economic capital of the country and one of the world's fashion capitals. There are many financial and trading companies in Milan (Pirelli, Telecom Italia, Alfa Romeo).
Fashion houses and light industry enterprises (Giorgio Armani, Gianni Versace, Dolce & Gabbana, Prada) are world famous. Milan's fashion week is held twice a year.
Milan is served by 3 airports and it is a major European hub of air traffic with a turnover of more than 30 million passengers a year.