Description

Retail unit totalling about 5,000 sq m over ground and first floor, located on a retail park next to Valcenter Shopping Centre and Warner Village Cinema.  The property is situated in the Marcon area of Venice.

Unit 1 - 3,500 sqm let to Saturn for 15 years with 12 years unexpired at an annual RPI rent currently €535,000.

Unit 2 - 1,500 sqm let to Wok-Sushi Restaurant on a 12 + 6 year lease at a rent of €96,000 per annum (reduced rent for initial 12 years at €48,000 per annum due to tenants 50% contribution to construction works to build the unit, total cost of works €1,200,000)

Asking Price €10,000,000

Yield: 5.83%