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3 800 000 €

Shop in Madrid, Spain, 1 402 m²
  • Shop in Madrid, Spain, 1 402 m² - picture 1
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  • Shop in Madrid, Spain, 1 402 m² - picture 1
  • Property ID on Prianproperty.com: 3432877
    Last update: 13.08.2024
    Number of views: 3431

3 800 000 €

Shop in Madrid, Spain, 1 402 m²

1402 sq.m 5.5% per year
Business on sale

  • Property ID on Prianproperty.com: 3432877
    Last update: 13.08.2024
    Number of views: 3431

Specifications

Sale price 3 800 000 €
Price per square meter 2 710.41 €
Floor area 1 402 m²
Address Spain, Madrid
Location within the city
Business on sale

Finance

Profitability
Annual return 5.5 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 211 034 €

Annual rental revenue, excluding operating expenses

Pay-off period 18 years

Rental income covers all the expenses in

Business expenses
Not included in the price
Commission fee 5 %

Description

Supermarket in Madrid, Comillas district

  • The total area of 1.402 sq.m on the ground floor

  • Contract from 2019 to 2029

  • The rental rate is 211.034 euros per year

  • Due to the virus situation, there are discounts on rent for 3 years ( 2020 - 15% discount, 2021 - 10% discount, 2022 - 5% discount)

  • The cost of maintaining the property is paid by the tenant

  • The annual property tax of 15,000 euros is paid by the owner

  • 4% broker commission

  • Price 3.800.000 euros

  • Yield 5.55 %


Contact seller

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Representative

Elena Pinkhasik
Head of EU Direction
Languages: english
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Seller
Elena Pinkhasik Head of EU Direction

Intermark Global

Languages: english
Contact seller
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