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Retail business for sale in Varese, Italy, 5000 m²

Retail business for sale in Varese, Italy, 5000 m² - photo 1
Retail business for sale in Varese, Italy, 5000 m² - photo 2
Retail business for sale in Varese, Italy, 5000 m² - photo 3
Retail business for sale in Varese, Italy, 5000 m² - photo 4
Price€5,500,000
TypeRetail business
Covered area5000 m²
Anchor tenantГипермаркет Carrefour Express
Average profitability8 %
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Description

Photos can carry illustrative. Shopping center located near the railway station and the city centre on the road leading from Milan to Varese. The building area of 5000 sqm consists of two floors and a fully equipped tenants. The property has a spacious Parking area of 7.500 sq. m. The main area of the building is occupied by the hypermarket Carrefour Express. A lease for the building was signed on 31 March 2015 for a period of 9 + 6. The nearest expiry date of the contract is expected April 1, 2024. The yield is 8%. There is a possibility of additional building site on the 1000 sqm and 1.700 sqm

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%
Paula
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