Commercial property in Madrid, Spain, 177 m²

Commercial premises in the heart of the city of Madrid.

The total area is 177 sq.m.

The tenant is a bar.

The contract was signed on 1.10.2023 for a period of 12 years.

The mandatory execution period is 2 years.

The annual rental amount is 30,000 euros per year, an annual increase on the IPC. Starting from the age of 4, the minimum wage should be 2,750 euros per month.

The deposit is 2 months.

The municipality and the property tax are paid by the owner.

The profitability is 5.3%.