Retail store in Spain 137 sq.m. No. 151951

A corner unit for sale with tenant in the centre of Madrid.

The property is strategically located close to all the important attractions of the capital:
500 metres from the city's main square, Plaza Mayor;100 metres from the Teatro Real, the city's key theatre;300 metres from the Royal Palace and the Royal Plaza;200 metres from Mercado de San Miguel, the city's main market; 500 metres from Puerta del Sol, the city's key square and the Spanish capital's largest transport hub; in the area with the highest concentration of establishments, hotels and guesthouses.
This location guarantees continuous pedestrian traffic around the premises and a successful trade for any type of business.

The premises are rented out as a shop for typical Spanish goods.

Lease conditions:
contract concluded: December 2021;lease term: 15 years;lease price: 17. 408€/month;rental price: 17.408€/month; Triple Net (NNN) contract - all major costs (taxes, maintenance, servicing) are borne by the tenant;annual indexation of rent according to IPC (consumer price index);additional increase of 5% from December 2032.
So although the starting yield is 3.74%, the lease agreement guarantees an increase in yield.

The 137m² commercial space comprises a spacious 99m² street level retail unit with a wide linear shopfront to the main pedestrian artery. An additional 38m² is located on a functional mezzanine suitable for a warehouse, office or additional retail area. The property is in excellent condition, has high commercial visibility and is fully adapted to the heavy pedestrian traffic of Calle Arenal.