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Calle de Fernández de los Ríos 2,992 SF Retail Condo Unit Offered at $1,118,042 in Chamberí, Madrid 28015
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Investment Highlights
- Immediate surroundings with all types of services nearby.
- Good public transportation connections.
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.
1 Unit Available
Unit Dr - CN
| Unit Size | 2,992 SF | Sale Type | Investment |
| Price | $1,118,042 | Cap Rate | 4.53% |
| Price Per SF | $373.68 | NOI | $50,606.10 |
| Condo Use | Retail |
| Unit Size | 2,992 SF |
| Price | $1,118,042 |
| Price Per SF | $373.68 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| NOI | $50,606.10 |
Description
Two established hospitality premises, one with a restaurant license and the other with a license for takeout food sales. The corner unit (Fernández de los Ríos and Hilarión Eslava) has a ground floor and a basement, each 56 m², while the unit on Hilarión Eslava has 122 m² on the ground floor and 30 m² of storage space in the basement.
Sale Notes
Sale with yield of two independent retail units located in the same building, both leased to the same tenant under a current lease agreement running until February 1, 2034.
Both properties are used for hospitality: one has a restaurant license and the other a license for takeaway food sales, with both businesses well established in the area. The corner unit at Fernández de los Ríos and Hilarión Eslava streets has a ground floor and basement, with 56 m² built on each level. The unit with frontage on Hilarión Eslava has 122 m² on the ground floor and a 30 m² storage area in the basement.
The rental income generated, together with the expenses assumed by the tenant (building fees, property tax, garbage collection, etc.), amounts to €46,772 per year, while the owner’s expenses are €3,969 per year, providing a net return of close to €43,000 per year. The rent is updated annually according to the CPI, and the tenant is solvent and reliable.
+16 More
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Local con fachada en Hilarión Eslava
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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 |
Amenities
Site Amenities
- Private Bathroom
Presented by
Calle de Fernández de los Ríos
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