AAA-RATED SHOP FOR SALE IN MADRID SPACIOUS & RARE COMMERCIAL REAL ESTATE IN EXCEPTIONAL CENTRAL LOCATION BARRIO SALAMANCA LONG-TERM RENTED TO A CORPORATE TENANT

About the property

Surface Indoors 835 m2 on 2 levels

Surface Terrace 0 m2

Yearly Rental Yield € 384.000 (Signed long term lease)

This prime commercial real estate is situated in one of the best location in Spain : the BARRIO SALAMANCA. This area is catering for luxury and high-end services. The surface is distributed on 2 levels: 450 m2 on the ground floor – street level with large shop windows, and 385m2 in the communicating underground level. There is a strong up-side : the offered purchase cost is €10.250 per m2, with other surfaces in the area selling for €12.000 to €15.000 per m2 A strong corporate tenant has signed a new 10 years long-term-rental contract. The rental fee starts at €32.000 per month, plus community costs which are not included. The rent will be incremental over the years. This contract provides an initial Gross Rental Yield of 4.3% per year, growing to 4.8% yield. The IBI Tax is included in the rent, so it is to be paid by the owner, around € 30.000 per year.
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