Commercial property in Spain 571 sq.m. No. 151915

A lot of 2 commercial premises with tenants for sale in a residential area of Madrid.

Environment:
dense residential area;
developed infrastructure with a high concentration of commercial premises; 
large shopping and entertainment centre Alcala Norte;medical centre and several educational institutions, including a school;large sports complex;number of hotels, including the large international chain Ibis Hotels;public transport stops, including the metro just 100 metres away.
Plocation 1 with a total area of 470m2 occupies 2 floors and is leased for bed linen shop under the following conditions:
contract signed: November 2021;lease term: 14 years;lease deposit: 7.000€;rent: 4.500€/month;rental value increase by 5% in 2026 and in 2032.
Building 2 with a total area of 101m2 also occupies 2 floors and is leased as an office for a consulting company under the following conditions:
contract signed: April 2023;lease duration: 10 years;mortgage: 6.000€;
rent: 1.500€/month;
annual increase in rental value according to IPC (consumer price index).
Thereby, the total current yield is 6.9% with a guarantee of an increase to at least 7.4%.