Commercial premises with guaranteed income in prestigious district of Madrid

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