Commercial property in Madrid, Spain, 203 m²

Commercial space right in front of the main entrance to the famous commercial center, a few meters from Glorieta de Quevedo and San Bernardo streets, in the Chambery area. An exclusive location located in the heart of the Arapiles area.

There is a hood and a restaurant license.

The total area is 203m2, distributed at 124m2 street level and 79 in the basement. The tenant will carry out a major renovation of the premises.

The tenant is a bar.

The contract is from 11/01/2023 for a period of 10 years.

Rental holidays are 5 months.

The mandatory period from the end of the rental vacation period is 2 years.

The rental amount is 46,800 euros per year.

The quota for the community in the amount of 1498.2 euros per year is paid by the tenant.

The property tax of 683.78 euros per year is paid by the tenant.

The profitability is 5%.