Retail store in Spain 900 sq.m. No. 151938

Property description

A commercial space for sale with tenant in a prestigious neighbourhood in Madrid.

Environment:
developed infrastructure of a respectable residential area;supermarkets of major international and national chains: Aldi, Alcampo, Mercadona, AhorraMas, SuperCor;few sports centres, including the CR7 gymnastics club, the business of world famous footballer Cristiano Ronaldo;institutions to suit all tastes and wallets;theatre;number of hotels;public transport links, including the metro.
The property is leased for a supermarket to a large national chain.

Lease conditions:
Agreement signed: February 2018;Lease duration: 25 years;Rent price: 13.900€/month;Annual indexation of the rent price, according to IPC (consumer price index);Additional rent price increase of 5% from February 2026.
Thereby guaranteeing yield growth to at least 5.34 per cent.
The premises are located in a high-rise residential building and feature a bright 10 metre long façade, which is highly visible from both the carriageway and pedestrian street. The total area of the premises is 900m2.