Hotel 2 300 m² in Community of Madrid, Spain

Spain
€8,70M
€3,783/m²
;

Location

  • Country
    Spain
  • State
    Community of Madrid

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    €3,783/m²
  • Total area
    Total area
    2 300 m²

Description

Spain Madrid Aparthotel in the center of Madrid Aparthotel with an excellent location in the center of Madrid: a large flow of tourists, a huge demand for rental apartments. Average occupancy rate: 90% Land area: 479m2 Building area: 2300m2 6 floors Fully equipped 33 apartments for rent.  There is a tourist license. 2 commercial premises. The building is in excellent condition, renovated. Managed by an operator who pays for the rental of the building. The lease agreement was concluded in 2016 for a period of 5 years with a reservation to be canceled in favor of the owner. Income from rental: 433 604 € (5% per annum) With self-management, income will increase significantly.   Price: 8 700 000 + 3.5% agency commission
Updated at: 04/11/2023

Location on the map

Spain
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