Shop 437 m² in Spain, Spain

Commercial premises with a tenant in Madrid are for sale.

Surroundings:

• dense residential area;
• developed infrastructure for living;
• several parks, including one of the largest parks in the capital - Pradolongo
• several educational institutions, including a school;
• a large hospital - Hospital Universitario 12 de Octubre.

The property is leased as a supermarket of a well-known national chain. The lease agreement was signed in November 2023 with mandatory execution until 2028. Total lease term: 20 years. The rental price is 3,680 € / month, due to which the yield exceeds 5.53%. The agreement provides for a clause on the annual increase in the rental price, according to the IPC (consumer price index).

The premises with a total area of ​​575 m2 are located on the basement floor of a residential building. The tenant is currently completing major repairs to the premises, which he is carrying out entirely at his own expense.