Industry: Commercial real estate
Sector: Real Estate
Country of Origin: Italy |
Target Areas: European Union
Located in the immediate and commercial suburb of the wealthy city of Brescia, North Italy (half way between Milano and Verona), commercial real estate asset on sale (3250 sqm).
Total yearly rental income is EUR 440.000 - 4 tenants (one bank, one fashion group, one cosmetic group and one pet food group - all of them very well known brands in Italy). Rental payment is regular. Except for the bank, the three other rentals are covered by a bank guarantee. Two rental contracts expire in 2024, the two others in 2026. No extraordinary expense is foreseen for the next future.
The asking price is EUR 7.5 million (gross yield of 5,87%).
Revenue 2020: EUR 440,000
Price: EUR 7,500,000
Revenue Multiple 2020: 17.05
Good yield and the price is negotiable
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