Commercial property in Madrid, Spain, 145 m²

Commercial premises a few meters from the bullring of Las Ventas and in the full area of Ciudad Lineal in Madrid, located in an area with a lot of pedestrian and traffic, surrounded by shops and gastronomic offers. An exclusive place offering high profitability for investors.

The total area is 145 m2, located in 116.50 m2 at street level and 28.50 m2 on the ground floor. There is a hood and a license for a restaurant and a terrace.

The capacity is 24 people. A comprehensive repair was carried out at a cost of 60,000 euros.

The tenant is a restaurant.

The contract was signed on 07/24/2023 for a period of 10 years.

The mandatory execution period is 3 years.

The quota for the community in the amount of 840 euros per year and the property tax in the amount of 1362.06 euros per year is paid by the tenant.

The profitability is 5%.