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Calle de Fernández de los Ríos 2,992 SF Retail Condo Unit Offered at $1,108,337 in Chamberí, Madrid 28015

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INVESTMENT HIGHLIGHTS

Immediate surroundings with all types of services nearby.

Good public transportation access.

EXECUTIVE SUMMARY

Residential property with 2,891 m² built, distributed across eight above-ground floors, located in the heart of the Gaztambide neighborhood. Quiet area, well-connected, and close to Plaza de Moncloa, with easy access to public transportation and services. Immediate surroundings offer all types of amenities and shops nearby.

PROPERTY FACTS

Total Building Size	10,000 - 60,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	8
Property Subtype	Apartment	Year Built	1940 - 1949

Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	8
Year Built	1940 - 1949

UNIT AMENITIES

Air Conditioning

Storage Space

Heating

Eat-in Kitchen

SITE AMENITIES

Private Bathroom

1 UNIT AVAILABLE

Unit Dr - CN

Unit Size	2,992 SF	Sale Type	Investment
Price	$1,108,337	Cap Rate	4.53%
Price Per SF	$370.43	NOI	$50,166.83
Condo Use	Retail

Unit Size	2,992 SF
Price	$1,108,337
Price Per SF	$370.43
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.53%
NOI	$50,166.83

DESCRIPTION

Two established hospitality premises, one with a restaurant license and the other for takeout food sales. The corner property (Fernández de los Ríos and Hilarión Eslava) has a ground floor and basement, each measuring 56 m², while the property on Hilarión Eslava features 122 m² on the ground floor and 30 m² of storage space in the basement.

SALE NOTES

Sale of two independent commercial spaces with profitability, located in the same building, both rented to the same tenant under a lease agreement valid until February 1, 2034.

Both properties are designated for hospitality use, one with a restaurant license and the other with a license for takeout food sales, both businesses well-established in the area. The corner unit at the intersection of Fernández de los Ríos and Hilarión Eslava streets features a ground floor and basement, each with 56 square meters of built space. The unit with frontage on Hilarión Eslava street offers 122 square meters on the ground floor and a 30-square-meter storage area in the basement.

The rental income, combined with expenses covered by the tenant (community fees, property tax, waste disposal, etc.), amounts to €46,772 per year, while the owner's expenses total €3,969 per year, providing a net profitability of approximately €43,000 per year. The rent is updated annually based on the Consumer Price Index (CPI), and the tenant is reliable and financially stable.