Commercial property 453 m² in Madrid, Spain

For sale commercial premises with a tenant in the center of Madrid.

Environment:

• Chamberí district – the prestigious and modern center of Madrid, high pedestrian traffic;
• Nearby are Plaza de Olavide – a lively square with cafes and shops, Mercado de Chamberí – a popular gastronomic market;
• within walking distance of El Corte Inglés shops, restaurants, cultural facilities, schools and business centers;
• several cinemas, theater and museums;
• many hotels, including the hotel of the large international chain Eurostars;
• 10 minutes walk from Bilbao and Tribunal Metro Stations (lines 1, 2, 10).

The room is rented out for a plastic surgery clinic.

Terms of lease:

• The agreement was signed on April 10, 2024, under the 5+5+5 year system;
• Minimum mandatory compliance: 5 years + the first 3 years of each extension
• rent: 7,665 €/month;
• annual indexation by IPC (consumer price index);
• additional revisions of rental costs for 6 and 11 years (CPI +5%);
• Costs for communidad, taxes (IBI, TRUA) are paid by the tenant.

Thus, the net yield is 5.84% with a guarantee of growth to at least 6.42%.

The total area of the facility is 453 m2: 236 m2 on the ground floor and 217 m2 in the basement. The bright facade with a total length of 8.5 meters provides good visibility to the object.

The facility is located in an area with a developed infrastructure that provides a constant flow of customers: there are cafes, shops, offices, cultural and educational institutions. The license of the medical center allows for a variety of procedures of aesthetic medicine and cosmetology.