Shop 575 m² in Spain, Spain

Commercial premises with a tenant in Madrid are for sale.

Surroundings:

• residential area;
• developed infrastructure for living: bank branches, supermarkets, medical center, pharmacies and 2 large parks;
• public transport stops, including the metro;
• several educational institutions, including a university;
• city stadium with a capacity of 15,000 people.

The property is leased as a supermarket of a well-known national chain. The lease agreement was signed in May 2023 with mandatory execution until 2026. Total lease duration: 20 years. The lease price is 4,300 € / month, due to which the yield exceeds 4.69%. The agreement provides for a clause on the annual increase in the rental price, according to the IPC (consumer price index). The IBI and community tax costs are paid by the tenant.

The property, with a total area of ​​575m2, is a stand-alone building and has a bright and noticeable façade running the entire length of the building. The tenant has carried out a major renovation, investing a large amount.