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Store in Milan on a high traffic pedestrian street with a 5,5% yield

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Store in Milan on a high traffic pedestrian street with a 5,5% yield

2,000,000 €
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Total area: 112 m² Yield: 5.5%
  • Absolute return: 108,000 €
  • 1 floor
  • Percentage of the rented area: 100%
  • Broker: 3.0%
  • Street retail

It is a store investment situated on a retail street in Milan.

Description

The property is located on the ground floor of the building.

The main feature is a large showcase.

The total property area is 112 m², of which 49 m² is located on the ground floor and 63 m² in the basement.

The store has the right to use the yard.

The property is fully leased out.

Financial performance

Absolute income is 108,000 €.

The current yield of 5,5%.

Broker's fee of 3% + VAT.

Tenants

Tenant is a jewelry company.

The lease agreement is valid until 2027.

Location and nearby objects

The store is located on a busy pedestrian street in the shopping district of Milan.

There are stores and boutiques of prestigious brands in the surrounding area.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Milan
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