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Business for sale in Milan, Italy, 300 m²

Business for sale in Milan, Italy, 300 m² - photo 1
Business for sale in Milan, Italy, 300 m² - photo 2
Business for sale in Milan, Italy, 300 m² - photo 3
Business for sale in Milan, Italy, 300 m² - photo 4
Price€11,550,000
TypeBusiness
Covered area300 m²
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Description

Commercial premises, total area of 300 sq. m., acting rental business in Central Milan. The premise is on three floors: first, second and basement. Efficient layout, ceilings 3.5 meters. Large new Windows, a continuous glazing around the facade. Repairs made in the corporate style of the tenants. The room is well-known tenants. The room is located in the centre of Milan, on the street of Torino, with a high level of traffic, which leads from Piazza Duomo to the Columns of San Lorenzo. The annual rent is 600 000 Euro. Duration of contract: 12 years + 6 years, signed in February 2012. After 12 years, the annual rent will be 800 000 euros. Additional information is available on request and upon signing the LOI and NDA potential acquirer.

Extra Сosts when Buying Property

Notary fees, of the declared price 2.5 - 4%
PURCHASES FROM A COMPANY
*dwellings sold within five years of completion of construction or restoration.
Registration fee from €200
Mortgage tax from €200
Cadastral tax from €200
VAT:
- for first-home resident buyers 4%
- for second-home and non-resident buyers 10%
- on luxury homes 22%
IN OTHER CASES
Registry Tax, of the declared value 3-7%
Registration fee from €50
Mortgage tax from €50
Cadastral tax from €50

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Ongoing Ownership Costs

Water supply €15-20 /month
Electricity (in condominium) €0,2-0,3 kw/h
Property tax, on the cadastral value 0,4-0,7%

Additional Services Costs

Real Estate Agent’s Fee 1.5%-4% +22%VAT
Legal fees 1-2%

Return on Investment

Property Price
Rental Cost
0%
  • Italy, MilanItaly, Milan
    Hotel €12,000,000
    • Covered area: 1300 m²
    • 18 rooms
Company Representatives
in Italy
Rome
+39 (069) 4803-412
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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