Retail store for sale in Spain from DECART PROPERTY INVESTMENTS: 292 sq.m. No. 154874

Retail store in Spain 292 sq.m. No. 154874

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ID154874 € 3 590 000

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154874

Property description

A commercial property for sale with a reliable tenant in the central part of Andorra.

Community:
Highly active business area with a variety of shops, souvenir shops and establishments to suit all tastes;
Not a few medical centres;Many hotels, including large international chains such as Eurostars Hotels, Novotel Hotels and NH;Large shopping centre Centre Comercial Andorra Super U.
This location unprecedentedly guarantees high footfall and successful trading for any business.

The property is leased to a tobacco shop of a well-known chain in Andorra. The tenant has occupied the premises since 1998 and the lease has been renewed annually. The rent is 3,441.58€/month, resulting in a yield of 4.5%.

The premises with a total area of 292m2 occupy 2 floors of a low-rise residential building. The area is evenly distributed between the floors. The property is equipped with a bright facade and glass windows, which make the premises more visible.

The property has a bright façade, as well as glass windows, which make the premises more visible.

Andorra is a small principality located in the Eastern Pyrenees between France and Spain. The capital is Andorra la Vella. With a population of about 77,000, the country attracts tourists with its ski resorts, scenic mountains and duty-free trade.

Andorra's economy is mainly dependent on tourism, financial services and trade. Despite its small size, Andorra has a well-developed infrastructure and a stable political system.

Andorra's economy depends mainly on tourism, financial services and trade.

The Cigar Shop is a tobacco shop located in Andorra. The shop has become popular with locals and tourists, offering a wide range of premium cigars and accessories for storing and smoking them. Established in 1998, the chain has grown to 3 locations in Andorra and surrounding areas.

The Cigar Shop specialises in the sale of Cuban cigars as well as leading brands from Dominican Republic, Nicaragua and Honduras. The shop offers both rare and collectible cigars as well as popular brands for everyday consumption.

The company shows stable financial results, with annual revenues for 2023 totalling around €2 million, thanks to strong demand from tourists and collectors from all over the world.

The Cigar Shop specialises in the sale of Cuban cigars.

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