Retail store in Spain 1862 sq.m. No. 154916

A commercial space for sale with tenant in Madrid. 

Surroundings:
dense residential area;dense infrastructure of a modern neighbourhood: establishments to suit all tastes, local shops, supermarkets and cinema;park and several green areas;cultural centres and several museums;public transport links, including the metro and the main railway station of the capital.
The property is leased for a supermarket of a widespread national chain.

Conditions of the contract:
signing date: April 2025;duration: 25 years;binding period: 8 years;rental value: 23.500€/month;
yield: 5,25%;
the IBI tax and comunidad costs are paid by the tenant;annual rent increases according to IPC (consumer price index).
The property has a total area of 1862 m2 on two floors of a high-rise residential building and has a 33 metre long façade.

The tenant has carried out a major refurbishment of the premises at a cost of over €2 million.