Shop 437 m² in Spain, Spain
Spain
€798,000
€1,826/m²
Location
Property characteristics
Property parameters
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Price per m²€1,826/m² -
Total area437 m²
Description
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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.
Posted at: 09/01/2025
Updated at: 09/01/2025
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