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Commercial property 828 m² in Spain, Spain

Spain
$10,65M
$12,858/m²
;
3
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ID: 3613328
Property ID on Realting
Last update: 25/01/2026

Location

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  • Country
    Spain

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $12,858/m²
  • Total area
    Total area
    828 m²

Description

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On sale two-storey premises in an elite area of Madrid.

The facility has a strategic location:

  • in the premium boutique area: Gucci, Dior, Louis Vuitton, Dolce & Gabbana;
  • in close proximity to several hotels, including a 5* hotel across the street from the premises;
  • next to the Paseo de la Castellana, one of the city’s key alleys, and the calle Serrano, the most expensive street in Spain.
  • 2 shopping centers within a radius of 300 meters, including El Corte Ingles.

The premises are rented out for an international sports club.

Terms of lease:

  • Agreement signed: January 2025;
  • duration of the lease: 15 years;
  • period of mandatory execution: 3 years;
  • Rental cost: 32.000 EUR / month;
  • Expenses on IBI tax and on communidad are paid by the tenant;
  • annual indexation of the rental price according to IPC (consumer price index);
  • an additional 3% growth in 2031 and 2036.

Thus, the starting net yield is 4.3%.

The two-storey room is located on the ground floor of a multi-storey residential building. The room is equipped with a bright facade, which is perfectly visible from the street. The total area is 828m2, distributed as follows:

  • main floor: 594m2;
  • Basement floor: 234m2.

Location on the map

Spain
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Commercial property 828 m² in Spain, Spain
Spain
$10,65M
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