Commercial premises with guaranteed income in busy district of Madrid

location icon
Spain, Madrid
square icon
80 m²
info icon
ID ES254031

from €500,000

80 m²
Property sold
This property is sold, but we will help you find another one
Elena Kozyrevaexpert of the Spain residence permit program for investment
es-flag

Spain Golden Visa

€500,000+5+ months

Real estate is eligible for participation in the program and obtaining a residence permit in Spain.

Learn more

Cost

Property cost

from €500,000

Distances

Sea 350 km
Airport 18 km

Yield and management

Yield

3%

Property management

By agreement

We will help you sell the object if you decide to exit the investment

Description

For sale is offered a commercial space in good condition (bakery / confectionery). The facility is conveniently located in the lively Chueca area with a large flow of people, arts and music communities (Madrid).
The tenant is a well-known brand of bread and confectionery. This quality family bakery specializes in Polish, German and Austrian and classic Spanish puff pastries and sponge cakes from Spain, Poland, Germany, Denmark and Austria.
  • Having a known reliable tenant
  • monthly rent €1800 - 2022; €1900 - 2023; €2000 - 2024 onwards + taxes
  • 10-year contract signed
  • Property tax €840.52 per year
  • condominium fee
The buyer pays only €350,000 as €150,000 is advanced to him by the developer in the form of a loan, with the condition that the developer receives rent from the property for 10 years. After 10 years, the owner can:
Option 1: Use the buyback option, €350,000 refund Option 2: Sell on the market at the current rate Option 3: Keep the property for yourself

Real estate

Object type

Retail

Object category

Secondary

Object stage

Ready

Permits

Yes

Design features

Ownership

Characteristics

Total area

80 m²

Number of storeys

1

Parking

No

View

City, Road

Properties

Internet
TV

Location