Commercial property for sale in Madrid

This comment was automatically translated and may not be 100% accurate. See description in the original language For sale: profitable commercial space at Alberto Alcocer 5 Property Description: - 17-meter facade on Avenida Alberto Alcocer - Direct street access - Access to the building's patio - Equipped with exhaust system. - Side access - Service staircase and elevator between floors for the kitchen. - General installations for lighting, fire safety, air conditioning, heating, security, and a basement equipped for restaurant use. - Equipped kitchen including automatic fire suppression system, refrigerators, office, toilets, garbage room, storage room, electrical panel, ventilation and exhaust system with direct access to the patio. - Currently under renovation: opening soon Sale Details: - Lease agreement starting October 1st, 2024, for 15 years, with 4 mandatory years, for restaurant, hospitality, and retail activities. - Monthly rent: €9,000 from April 2025, €10,000 from October 1st, 2025, with annual revisions based on CPI (Consumer Price Index). - Garbage tax paid by the tenant. - Annual IBI (Property Tax) (€3611.27) and community fees (€3946.68) totaling €7558 in 2024, paid by the owner. - No outstanding assessments. - Net annual profitability from October 2025: 5% - Agreement with a bank for 50% financing of the purchase price. The property cannot be fully visited until its refurbishment is completed and it opens to the public (February/March 2025). Interested parties should contact by email to schedule an appointment. AGENCIES NEED NOT APPLY.

Commercial property for sale in Madrid

Commercial premises in avenida de Alberto de Alcocer, 5, Nueva España, Madrid

Description

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