Commercial property in Spain 540 sq.m. No. 151911

A two-storey commercial space for sale with tenant in a prestigious central neighbourhood of Madrid.

The property is strategically located:
in one of the most expensive areas of the Spanish capital;400 metres from the famous Serrano Street, where fashion boutiques such as Cartier, Dior, Louis Vuitton, Tiffany, Gucci, Michael Kors and so on are located;in close proximity to the key landmarks of Madrid: Bank of Spain, Plaza Cibeles, Alcala Gate;across the street from the National Library of Spain;National Archaeological Museum, as well as the Madrid Wax Museum;none of the fashionable hotels within 500 metres.
The property is located in an area with enormous investment potential: the average house price reaches €9,000-10,000/m², with an increase of more than 18-19% per year. It is one of the most expensive and fastest growing areas of Madrid in the real estate segment.

The property is leased as a premium health centre.

Lease terms:
Contract signed: June 2024;Lease duration: 10 years;Binding period: 4 years;rental value: 14.000€ / month;rental value from June 2026: 14.500€ / month;starting from June 2027, the rental cost will increase annually, according to the IPC (consumer price index);comunidad costs are paid by the tenant.
Thereby guaranteeing a yield increase from 5.25% to at least 5.5%.

The two-storey property is located on the ground floor of a historic residential building. The premise is equipped with two independent entrances from different streets. The total area is 540m2, distributed as follows:
main floor: 310;basement: 230m2.
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