Investment property in the centre

Rented premises or magazine in a strategically good location with a yield of 4-5% for sale. This premises has been rented for 6 + 6 years for 280 Euro per month since the beginning of 2019.
The premises are located on the ground floor of a prestigious residential block in the historic centre of Genoa, near the birthplace of Christopher Columbus and about 400 metres from Piazza de Ferrari, where Mediaset Canale 5's 2022 year-end television programme took place.
The property has three vacant sides: one on Via Canneto Lungo (parallel to Via San Lorenzo), one on Via Chiabrera and one on Vico Chiuso delle Formiche, from which you can reach the cellar. On the opposite side of the latter (left side) is Palazzo Giustiniani, visited by many tourists.
The area is very characteristic and full of shops, small warehouses and bar, restaurants.
At the moment, the apartment complex is undergoing a major renovation, which will also include the redesign of the entire façade.
Inside this 32 m² warehouse, there is a staircase to the basement, which is currently used for rainwater recovery but can easily be emptied, increasing the usable space considerably.
The current rent is € 3,360.00 per year.