Commercial property in Madrid, Spain, 177 sq.m

Commercial premises in the heart of the city of Madrid.

The total area is 177 sq.m.

The tenant is a bar.

The contract was signed on 1.10.2023 for a period of 12 years.

The mandatory execution period is 2 years.

The amount of rent per year is 30,000 euros per year with an annual increase by IPC. Starting from the 4th year, the minimum salary should be 2,750 euros per month.

The deposit is 2 months.

The Comunidad and the property tax are paid by the owner.

The profitability is 5.3%.