Land plot in Spain 9943 sq.m. No. 154913

Property description

Land in the suburbs of Valencia, just 40km from the city centre.

Surroundings:
Active commercial area (Lidl and Carrefour supermarkets, McDonalds, KFC, Burger King, La Tagliatella restaurants);Offices of international companies (BMW, Toyota, Kia, Nissan and Peugeot);Large sports complex.
A commercial building of 9162m2 is located on a land plot of 9943m2. The property is leased for a hardware shop of a large international chain.

Lease conditions:
Agreement signed: November 2011;Lease duration: 30 years;Lease value as of 2025: 39,980,94€/month;agreement includes a clause for annual rental price increase, according to IPC (consumer price index);yield: 6,85%.
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