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Calle Salitre 957 SF Retail Condo Unit Offered at $381,040 in Centro, Madrid 28012
Some information has been automatically translated.
Investment Highlights
- Profitability of 6.50%
- Fully equipped and with a hospitality license in the ZPA area
- Excellent location in a busy area of Lavapiés
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
Sale of a high-yield commercial property currently leased and located in the heart of the Embajadores neighborhood, Centro district.
Excellent location just a few meters from Lavapiés Square, in an ideal area for establishing a leisure and hospitality venue. The area enjoys abundant pedestrian traffic every day of the week, especially on weekends. It is a ZPA zone with a high concentration of bars and restaurants nearby (no more licenses of this type are being granted), ensuring optimal foot traffic.
The property has a total built area of 89 m², distributed across a spacious main area with a bar, a separate section, and a restroom area. It is street-level and fully equipped, as all its installations have been renovated by the tenant. The property features a 6-meter linear façade with two openings.
Additionally, it has a definitive activity license, smoke extraction, and a capacity for 30 people.
It is well-connected via public transportation, with the Lavapiés metro station less than a 5-minute walk away.
**Lease Agreement Details:**
- **Contract Start Date:** June 1, 2021
- **Contract Duration:** 10 years, ensuring long-term income stability
- **Monthly Rent:** €1,800
- **Rent Adjustment:** Based on the CPI, allowing income adjustments in line with inflation
- **Guarantees:** 4 months, providing solid security for the owner
**Associated Costs:**
- **Community Fees:** €80 per month
- **Property Tax (IBI):** €700 annually
Excellent location just a few meters from Lavapiés Square, in an ideal area for establishing a leisure and hospitality venue. The area enjoys abundant pedestrian traffic every day of the week, especially on weekends. It is a ZPA zone with a high concentration of bars and restaurants nearby (no more licenses of this type are being granted), ensuring optimal foot traffic.
The property has a total built area of 89 m², distributed across a spacious main area with a bar, a separate section, and a restroom area. It is street-level and fully equipped, as all its installations have been renovated by the tenant. The property features a 6-meter linear façade with two openings.
Additionally, it has a definitive activity license, smoke extraction, and a capacity for 30 people.
It is well-connected via public transportation, with the Lavapiés metro station less than a 5-minute walk away.
**Lease Agreement Details:**
- **Contract Start Date:** June 1, 2021
- **Contract Duration:** 10 years, ensuring long-term income stability
- **Monthly Rent:** €1,800
- **Rent Adjustment:** Based on the CPI, allowing income adjustments in line with inflation
- **Guarantees:** 4 months, providing solid security for the owner
**Associated Costs:**
- **Community Fees:** €80 per month
- **Property Tax (IBI):** €700 annually
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta DR | 957 SF | Retail | $381,040 ($398.16/SF) | - |
Unit Puerta DR
| Unit Size |
| 957 SF |
| Condo Use |
| Retail |
| Price |
| $381,040 ($398.16/SF) |
| NOI |
| - |
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Unit Puerta DR
| Unit Size | 957 SF |
| Condo Use | Retail |
| Price | $381,040 ($398.16/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| Sale of a high-yield commercial property currently leased and located in the heart of the Embajadores neighborhood, Centro district. <br> Excellent location just a few meters from Lavapiés Square, in an ideal area for establishing a leisure and hospitality venue. The area enjoys abundant pedestrian traffic every day of the week, especially on weekends. It is a ZPA zone with a high concentration of bars and restaurants nearby (no more licenses of this type are being granted), ensuring optimal foot traffic. <br> <br> The property has a total built area of 89 m², distributed across a spacious main area with a bar, a separate section, and a restroom area. It is street-level and fully equipped, as all its installations have been renovated by the tenant. The property features a 6-meter linear façade with two openings. <br> Additionally, it has a definitive activity license, smoke extraction, and a capacity for 30 people. <br> It is well-connected via public transportation, with the Lavapiés metro station less than a 5-minute walk away. <br> <br> **Lease Agreement Details:** <br> - **Contract Start Date:** June 1, 2021 <br> - **Contract Duration:** 10 years, ensuring long-term income stability <br> - **Monthly Rent:** €1,800 <br> - **Rent Adjustment:** Based on the CPI, allowing income adjustments in line with inflation <br> - **Guarantees:** 4 months, providing solid security for the owner <br> <br> **Associated Costs:** <br> - **Community Fees:** €80 per month <br> - **Property Tax (IBI):** €700 annually </li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 5 |
| 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 | 5 |
| Year Built | 1900 - 1909 |
Amenities
- Bus Line
Site Amenities
- Close to Public Transportation
- Elevator
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Calle Salitre
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