Retail store in Spain 1196 sq.m. No. 151953

Community:
In the heart of the city centre, within the main commercial corridor;In the main retail area with major brands, restaurants with a continuous pedestrian flow;Dense residential area, strong demand and active traffic of both locals and tourists.
This is one of the most sought-after locations in Leon for retail format shops.

The premises are leased to a cosmetics shop of a large international chain.

Conditions of the contract:
Start of the contract: March 2025;Lease term: 20 years;Binding performance: until March 2028;Actual rental value: 21.000 €/month;rental value from March 2026 to March 2027: 22.000 €/month;rental value from March 2027 to March 2028: 23.000 €/month;from March 2028: annual indexation of the rental price according to the consumer price index.
The agreement thus guarantees an increase in yield from 5.48% to at least 6%.

The two-storey property with a total area of 1,196m², distributed between a spacious retail area on the first level (559m²) and the second level (637m²), is located in the core of Leon's main commercial route. The property has a modern, presentable finish: the tenant has completely renovated the premises, investing more than €1.5m in renovation, which significantly increases its value and reduces future running costs.