Land plot in Spain 1310 sq.m. No. 151916

Property description

Plot of 1.310m2 of land for sale in a residential area of Madrid.

Surroundings:
Dense residential area;Active commercial area with: specialist shops, restaurants, supermarket and sports centre;Industrial area with warehouses and logistics companies;Some green areas including a park;Public transport links including a short distance train station.
The land plot consists of 2 parts, each of which is already leased.

Tenant 1:
a large national petrol station chain;contract signed: June 2017;lease duration: 20 years;lease deposit: 7.000€;rental cost: 3.941,57€ / month.
Tenant 2:
family restaurant of Spanish cuisine;tenant occupies the premises since 1985;lease renewed annually;rental deposit: 3.600€;rental cost: 3.300€/month.
Therefore, the cumulative yield is 8.12%.