Commercial property in Madrid, Spain, 203 sq.m

Commercial premises 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 district. An exclusive location located in the heart of the Arapiles district.

There is a hood and a restaurant license.

The total area is 203 m2, distributed at street level 124 m2 and 79 in the basement. The tenant will perform major repairs of the premises.

The tenant is a bar.

Contract from 01.11.2023 for a period of 10 years.

Rental holidays are 5 months.

The period of mandatory execution 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 in the amount of 683.78 euros per year is paid by the tenant.

The profitability is 5%.