Shop 575 m² in Spain, Spain
Spain
€1,10M
€1,913/m²
Location
Property characteristics
Property parameters
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Price per m²€1,913/m² -
Total area575 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.
Posted at: 09/01/2025
Updated at: 09/01/2025
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Spain
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