Two-storey shop on the ground floor of a residential building in Monaco.
Description
Commercial premises with a total area of about 200 m².
The property is in excellent condition.
The annual income is 98,500 €.
The yield is 2.2%.
The property is fully let.
The property is located in Monaco.
Monaco – a sovereign city-state, country, and micro-state on the French Riviera in Western Europe. France borders the country on three sides while the other side borders the Mediterranean Sea. The country's population is about 40 thousand people. Monaco is famous for the Monte Carlo Casino and the Formula 1 championship held here – the Monaco Grand Prix.
The economy of Monaco is developing mainly due to tourism, gambling, the construction of new residences, as well as through media covering the life of the princely family.