Retail store in Spain 502 sq.m. No. 151967

Commercial space for sale with a reliable international tenant in a residential area of Madrid.

Community:
Dense residential area with well-developed infrastructure, within a radius of 300 metres: Vegetable and butcher shops, cafes and restaurants, a private clinic and several large chain supermarkets (Alcampo and Dia);600 metres from the Municipal Market Mércado Municipal de Ventas;few hotels within a radius of 1 kilometre, in particular the international chain NH Hotels;large sports centre Polideportivo Los Cedros;public transport stops, including 3 metro stations within a radius of 1 kilometre.
The property is leased for a supermarket of an international chain.

Lease conditions: 
lease agreement start: September 2025;lease duration: 25 years;obligatory performance: 1,5 years;rental value in the first year: 4.000€ / month;rental cost in the second and third year: 4.250€ / month;Rent cost in the fourth year: 4.500€ / month;Rent cost from the fifth year: 4.750€/month.
The yield is thus guaranteed to increase from 5.3% to 6.3%.

The tenant commits to a major renovation, investing 340.000€. The works will start in September 2025 and will be completed by December.

The property is located in a residential building and consists of two cadastral units. The total area is 502m2 which is distributed between 2 floors.