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Calle de Fernández de los Ríos 2,992 SF Retail Condo Unit Offered at $1,136,948 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	$1,136,948	Cap Rate	4.53%
Price Per SF	$380.00	NOI	$51,461.88
Condo Use	Retail

Unit Size	2,992 SF
Price	$1,136,948
Price Per SF	$380.00
Condo Use	Retail
Sale Type	Investment
Cap Rate	4.53%
NOI	$51,461.88

Description

Two established hospitality venues, one with a restaurant license and the other for take-out food sales. The corner location (Fernández de los Ríos and Hilarión Eslava) has a ground floor and basement of 56 m2 each, while the location on Hilarión Eslava has 122 m2 on the ground floor and 30 m2 of storage in the basement.

Sale Notes

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

Both properties are intended for hospitality use, one with a restaurant license and the other with a license for take-out food sales, both well-established businesses in the area. The corner space at the intersection of Fernández de los Ríos and Hilarión Eslava streets has a ground floor and basement, each with 56 m2. The space with frontage on Hilarión Eslava has 122 m2 on the ground floor and a 30 m2 storage area in the basement.

The rental income, along with expenses covered by the tenant (community fees, property tax, waste management, etc.), amounts to €46,772 per year, while the owner's expenses are €3,969 per year, offering a net return of close to €43,000 per year. The rent is updated annually according to the CPI, and the tenant is reliable and financially stable.