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Shop 575 m² in Spain, Spain

Spain
€1,10M
€1,913/m²
;
Shop 575 m² in Spain, Spain
2
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ID: 3324247
Property ID on Realting
Last update: 09/01/2025

Location

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  • Country
    Spain

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    €1,913/m²
  • Total area
    Total area
    575 m²

Description

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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.

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Spain
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Shop 575 m² in Spain, Spain
Spain
€1,10M
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