Commercial premises with guaranteed income in the center of Madrid

For sale is offered a commercial space in excellent condition (restaurant). The facility is conveniently located in the Pacifico area, close to the large Retiro Park, with numerous streets lined with bars, modern and general restaurants, and cozy cafes. The area is home to the world-famous Prado Museum, which features cool paintings by Goya, Velázquez and Bosch, while the town hall in the neo-Gothic Cibeles Palace hosts pictorial art exhibitions.

The tenant is a well-known Spanish restaurant specializing in typical Spanish dishes such as pinchos, rice dishes, etc.

• the presence of a known tenant
• rent €2600 per month – 1 year, 2800 per month from the second year + taxes
• 10 year contract
• 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