A commercial property is for sale. A famous band apparel store in the center of Rome with a long-term rent contract.
The total are of the store is 115 sq. m. 90 sq. of them are on the ground floor; 25 sq. m. – the basement floor; The store has two shop-windows. 6-months bank guarantee. The rent contract was signed in 2015 for 6+6 years till 2027.
The annual rental payment – 78,000 Euro.
Agency charge – 3%+ VAT.
Annual profitability – 5,5% before tax.
Additional information on request.