Office & Retail Building in Rome for Sale, WAULT = 9.8 Years
Property type: office and retail building
Purchase of established rental business
Location: Rome, Italy
Building area: ca. 10,600 m2
Usable area: ca.6,900 m2
Car parking facilities: 70+ spaces
Main tenants: IT-company, financial services company
Number of other tenants: 20+
Other tenants: supermarket, clothing & footwear stores, travel agency, law firm, etc.
Occupancy: 99%
Vacant commercial space: ca. 90 m2
Weighted Average Unexpired Lease Term (WAULT):
• main tenants: 9.8 years
• other tenants: 6.2 years
• possibility of renewal: YES
• rent review: YES
Purchase price: 23,000,000 EUR
(+ closing costs)
Rental Income: 1,500,000 EUR per annum
(+ indexation linked to inflation)
Yield: 6.5%
Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial spaces.
