Commercial premises with guaranteed income in busy district of Madrid
Spain, Madrid
ID ESP254046
Object sold
Commercial premises with guaranteed income in busy district of Madrid
€500,000
80 m² • €6 250 m²
Spain, Madrid
80 m²
ID ESP254046
Cost
| Property cost | €500,000 |
| Price for m2 | €6,250 |
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Distances
Sea 350 km
Airport 18 km
Infrastructure
Yield and management
| Yield | 3% |
| Property management | By agreement |
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
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Real estate
| Object type | Retail |
| Object category | Resale property |
| Object stage | Ready |
| Permits | On hand |
| Design features | Ownership |
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Characteristics
| Total area | 80 m² |
| Floor | 1 |
| View | city, road |
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Equipment
Properties
Internet
TV
Location
Object sold
€500,000
80 m² • €6 250 m²
This property has been sold but we can help you find another one.
Zlata Erlach investmentprograms expert
Spain Golden Visa
Real estate is eligible for participation in the program and obtaining a residence permit in Spain.
Immigrant Invest is the official representative of the program.
€500,000+ Investment amount
5+ months Obtaining period
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