Retail store in Spain 575 sq.m. No. 154864

Property description

A commercial space for sale with tenant in Madrid.

Community:
residential area;developed infrastructure for living: bank branches, supermarkets, medical centre, pharmacies and 2 large parks;stops for public transport, including metro;number of educational institutions, including a university;city stadium with a capacity of 15.
The property is leased for a supermarket to a well-known national chain. The lease agreement was signed in May 2023 with a binding performance until 2026. Total duration of the lease: 20 years. The rental value is 4.300€/month, resulting in a yield of over 4.69%. The contract includes a clause for an annual increase in the rental price, according to the IPC (consumer price index). The IBI tax and comunidade costs are paid by the tenant.

The property with a total area of 575m2 is a detached building with a bright and prominent façade along the entire length of the building. The tenant has carried out a major refurbishment, having invested a large sum.

The tenant has made a major renovation.