Spain
Madrid
Bar in the center of Madrid
Commercial premises for long-term rent for a bar, in a central, prestigious area of Madrid.
The contract with the tenant was signed in April 2018 for a period of 5 years.
The tenant has made a major renovation of the premises.
According to the contract, the tenant pays the rent as follows:
first year - netto 5000€/month
second year - netto 5100€/month
third and subsequent years - netto 5500€/month
Profitability: 5% per annum
Price: 1,200,000€ +5% agency commission
