Your email has been sent.
Calle de Bailén 3,013 SF Retail Condo Unit Offered at $1,610,813 in Centro, Madrid 28005
Some information has been automatically translated.
Investment Highlights
- Located on a corner, which exposes the property to high foot traffic, generating visibility for the business.
- Proximity to the M-30 highway and good access to public transportation.
Executive Summary
Residential building of 2,798 m² with street-level retail spaces, built in 1905 along Calle de Bailén in Madrid.
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1900 - 1909 |
Amenities
- Bus Line
- Natural Light
Site Amenities
- Close to Public Transportation
1 Unit Available
| Unit Size | 3,013 SF | Condo Use | Retail |
| Price | $1,610,813 | Sale Type | Investment or Owner User |
| Price Per SF | $534.62 |
| Unit Size | 3,013 SF |
| Price | $1,610,813 |
| Price Per SF | $534.62 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Sale Notes
Great opportunity to acquire a profitable restaurant located on Bailén Street, next to the Teatro Real, in one of the most iconic areas of Madrid. The property has a registered area of 280 m², a smoke vent, a restaurant license, an 8.5-meter facade, and a private emergency exit through the building's entrance. The basement, featuring original red brick vaults, is designated as a dining area. It is currently undergoing renovations by the tenant, with an opening planned for January 2025.
The property is leased to a Roost Chicken franchisee, a well-established chain with several locations in Madrid, under a 10-year contract with 30 months of mandatory compliance, starting in November 2024. The tenant has committed to an investment of €80,000 in the property's refurbishment, as stipulated in the contract. The rent will be progressive: €5,000 the first year, €5,500 the second, €6,000 the third, and €6,367 from the fourth year onward, including an estimated 2% CPI. To ensure stable profitability from the start, the seller will cover the rent difference during the first three years, amounting to a compensation of €31,212, already deducted from the sale price.
The final price of the property is €1,355,000, with community fees of €160 per month and an annual property tax (IBI) of €1,900. The buyer will cover the agency fees, equivalent to 1.5% plus VAT of the sale price. This transaction represents an excellent investment opportunity in a prime location, with a reliable tenant and a long-term contract that guarantees stability and sustained profitability.
Interior
Interior
Interior
Interior
Interior
-
Research In Progress - Research In Progress
Presented by
Research In Progress
Calle de Bailén
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.