Retail store for sale in Spain from DECART PROPERTY INVESTMENTS: 980 sq.m. No. 154870

Retail store in Spain 980 sq.m. No. 154870

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ID154870 € 1 400 000

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154870

Property description

For sale commercial space with tenant in a respectable neighbourhood of Madrid.

Environment:
dense residential area;densely populated area with well-developed infrastructure (bank branches, pharmacies, various institutions, supermarket chains such as Mercadona and Lidl);number of hotels, including a hotel of the large international chain Melia;educational institutions, including a school and a conservatory;public transport links, including a metro station 100 metres away.
The property is leased for a supermarket to a large national chain. The lease is signed until 2037 and the term is binding until May 2025. The rental price is 8.000€/month, but from June 2025 the price will increase to 10.500€/month. Thus, the yield is guaranteed to increase from 6.86% to a record 9%. This level of yield is extremely rare in Madrid, which makes the offer unique.

This 980m2 property is located on the ground floor of a low-rise residential building and has a prominent façade that is highly visible from the carriageway and pedestrian street.

Tetuan is a diverse and vibrant neighbourhood located in the northwest of Madrid. The neighbourhood is known for its residential and business diversity. Both modern office buildings and more traditional residential neighbourhoods can be found here. Tetuan is home to financial and business centres, including the skyscrapers on the Paseo de la Castellana, which symbolise Madrid's economic power. One of the main attractions of the area is the Santiago Bernabeu Stadium sports complex located in its southern part, making Tetuan an important centre for sports and entertainment.

The area also offers many recreational opportunities. Tetouan is home to parks where residents and visitors can enjoy nature and outdoor activities. There are also many cafes, restaurants and shopping centres in the area, making it attractive to people looking for an active urban lifestyle.

Tetouan attracts residents of all ages and backgrounds due to its affordable housing, good transport infrastructure and proximity to the city's main business districts.

Tetouan is a great place to live.

Dia is a Spanish multinational supermarket chain founded in 1979, which as of 2020 operates 6169 shops in Spain, Portugal, Brazil and Argentina. The company creates jobs for more than 40,000 people worldwide. The company had a turnover of almost 7,000,000,000,000€ in 2022. Dia mainly operates through a franchise system.

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