Commercial premises with guaranteed income in prestigious district of Madrid

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Spain, Madrid
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72 m²
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ID ES255466

€500,000+

72 m²
Property sold
This property is sold, but we will help you find another one
Elena KozyrevaExpert on real estate and residence permit by investment in Spain
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Spain Golden Visa

€500,000+5+ months

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

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Cost

Property cost

€500,000+

Distances

Sea 470 km
Infrastructure 100 m
Airport 18 km

Yield and management

Yield

4%

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 with a facade of 5 m., facing west and two storefronts, located on 2 floors. The property is located in the Chambery district, one of the prestigious commercial areas of Madrid with good transport accessibility. There are a large number of restaurants, bars, cafes, boutiques and shops. The tenant is a network of well-known laundries.
  • the presence of a well-known tenant
  • Rent €1700 per month + taxes
  • 10-year contract with an option to extend for another 5 years
  • 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

72 m²

Number of storeys

1, 2

Parking

No

View

City, Road

Properties

Internet
TV

Location