Commercial property in Spain 453 sq.m. No. 151927

Commercial space for sale with tenant in the centre of Madrid.

Community:
Chamberí district - prestigious and modern centre of Madrid, high pedestrian traffic;close to Plaza de Olavide - lively square with cafes and shops, Mercado de Chamberí - popular gastronomic market; El Corte Inglés shops, restaurants, cultural venues, schools and business centres within walking distance; several cinemas, a theatre and museums; many hotels, including a large international Eurostars hotel; Bilbao and Tribunal metro stations (lines 1, 2, 10) within 10 minutes' walk.
The premises are leased as a plastic surgery clinic.

Lease conditions:
The contract is signed on 10 April 2024, on a 5+5+5 years system;Minimum mandatory compliance: 5 years + first 3 years of each renewal;Rent fee: 7,665 €/month;annual indexation according to IPC (consumer price index);additional rent revisions for the 6th and 11th year (CPI +5%);comunidad costs, taxes (IBI, TRUA) are paid by the tenant.
Thereby, the net yield is 5.84% with a guarantee of growth to at least 6.42%.

The property has a total area of 453 m²: 236 m² on the ground floor and 217 m² in the basement. The bright facade with a total length of 8.5 metres ensures good visibility of the object.

The object is located in an area with a well-developed infrastructure, providing a constant influx of clients: cafes, shops, offices, cultural and educational institutions are nearby. The licence of the medical centre allows for a variety of aesthetic medicine and cosmetology procedures.