Commercial property in Madrid, Spain, 82 sq.m

Commercial premises in the city of Madrid a few meters from the roundabout in the heart of the Tetuan district. Located in an area with a lot of pedestrian traffic.

The total area is 81.70 m2: 54.80 m2 at street level and 26.90 m2 in the basement.

The tenant is a clothing and underwear store. This is the second store of this brand in the area.

The new contract was signed on 01.09.2023 for a period until 31.08.2033. The old contract was from 2016 to 2023.

The mandatory execution period is 3 years.

The quota for the comunidad in the amount of 3,600 euros per year and the property tax in the amount of 1,030 euros per year is paid by the owner.

The rental amount in the first year will be 3,200 euros per month, from the second year it will be 3,350 euros per month, from the third year 3,500 euros per month.

The profitability is 5%.