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Calle de Alonso Cano 1,776 SF Retail Condo Unit Offered at $830,814 in Chamberí, Madrid 28003
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Investment Highlights
- Busy and commercial area.
- Good public transportation access.
Executive Summary
Residential property with 3,017 m2 built, distributed across seven above-ground floors, located in the Nuevos Ministerios-Ríos Rosas area. Busy residential area surrounded by shops and services, with good public transportation connections.
Property Facts
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 7 |
| Property Subtype | Apartment | Year Built | 1950 - 1959 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Year Built | 1950 - 1959 |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Private Bathroom
1 Unit Available
| Unit Size | 1,776 SF | Sale Type | Investment |
| Price | $830,814 | Cap Rate | 5.00% |
| Price Per SF | $467.80 | NOI | $41,540.70 |
| Condo Use | Retail |
| Unit Size | 1,776 SF |
| Price | $830,814 |
| Price Per SF | $467.80 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $41,540.70 |
Description
Practically open-plan space, very bright with 3.4 m high ceilings. It features a large main area, an office or meeting room, restrooms, and storage, all in excellent condition and with the possibility of dividing with partitions.
Sale Notes
Sale of a profitable fantastic corner premises with extensive usage possibilities in Nuevos Ministerios-Ríos Rosas. Bright and practically open-plan, this splendid premises stands out for its pleasant natural lighting, ideal for both staff comfort and customer service. It features ceilings up to 3.4 meters high in most of the space and is distributed into a large main area, an office or meeting room, restrooms, and storage. The entire set is in excellent condition and offers multiple configuration options, easily adaptable with partitions. It is currently leased to an established business that has occupied the premises for almost five years, with a contract valid until August 2026. If you are looking for it as an investment, you can start receiving rents immediately and negotiate a possible renewal. If you intend to use it for your own activity, occupancy would be possible at the end of the current contract. The property has pre-installation for air conditioning, electric closure, additional access through the portal, and central heating with individualized consumption. The cadastral built area with common elements is 186 m², the built area is 165 m², and the verified usable area is 140 m². Annual expenses are low: property tax of €170 and garbage fee of €35. Located in a privileged area, with high residential density and a high purchasing power environment, the premises enjoy constant traffic from both residents and professionals from the numerous nearby offices. Communications are excellent, with several bus lines and the Nuevos Ministerios interchange —Metro and Cercanías— just a few minutes' walk away.
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Presented by
Calle de Alonso Cano
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