Office building for sale in Milan office district

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For this Property please contact: Alfiero Massimini

Telephone: +39 392 5071967
Skype:
Listing ID: ID-6589
Tenant: 8
Break Option: Yes
Contract Type: Property Rent
Triple Net: No
Yield: 7%
Tot. Built sqm: 18,500
Tot. GLA sqm: 14,000
Loan/Leasing: 14,000,000
Land Plot sqm: 2,425
Spread: 1.10%
Vacancy: 23%
22 March 2015

Property description

Office building for sale in the south of the city of Milan, in the popular office area of Assago, the main office district of Milan hinterland, perfectly served by public transport.

 

Office building for sale in Milan office district – Position

The area where the office building for sale is located is characterized by modern office buildings, which led it to be a landmark area for many Italian and international companies that have located here their headquarters.

 

Office building for sale in Milan office district – the Building

The office building for sale was built in the mid-70s and has been completely renovated in the early 2000s (including plant). The office building structure is made primarily of reinforced concrete, with external continues facade in glass wall.

 

Office building for sale in Milan office district – Tenancy

The office building is currently leased at 87% to primary international Companies, with a Gross Lettable Area of 15,907 square meters. The property is sold with a yield of 7% on the lease income.

 

Office building for sale in Milan office district – Loans

On the office building for sale is active a loan of approximately € 14,000,000.00 (fourteen million euro) with a residual duration of 7 years, with a spread of about 1.10% that the owner is willing to pay off earlier if the buyer is not interested in taking it over.

 

Office building for sale in Milan office district – Taxes

The office building for sale is owned by a real estate fund and is in a favorable tax regime, as the fund is placed in voluntary liquidation then pays taxes in a fixed amount of € 168. The office building for sale is also subject to VAT in reverse-charge.

 

Detailed information upon signing of Non Disclosure Agreement and Letter Of Interest (also non-binding). Contact us!

 

Contact us for this Property!

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20090 Assago MI, Italia - Lat.45.4061985; Long.9.123969399999964
Position is indicative and doesn't match with property's address.

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