Transaction Type: Sale
Asset Type: Retail
Address: Paseo Imperial 2
Surface: 192 m2
Floors: Low, Mezzanine
Sale Price: € 445,000
Commercialization for sale of premises in profitability located in Paseo Imperial nº2, Madrid.
Retail in profitability located in Paseo Imperial nº2, very close to Madrid RIO, and a few meters from the city center.
The premises have a total area of 192 m2, which would be distributed as follows:
65 m2 – Mezzanine floor
127 m2 – Ground Floor
According to the information provided by the property, in February 2020 a rental contract was signed with a gaming room operator. The contract would have a duration of 10 years of Compulsory Compliance (Until February 2030).
The rent has been structured following an income escalation as detailed below:
€ 2,000 / month – Year 2020
€ 2,100 / month – Year 2021
€ 2,200 / month – Year 2022
From 2023 it is updated according to the CPI (Consumer Price Index)
The asking price for the property is € 445,000 approx. (€ 1,400 / m2 – Mezzanine Floor and € 2,800 / m2 – Ground Floor)
The net initial profitability during the first year would be 5%.
Interested in receiving more information can contact us at 910 495 333