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Calle de Goya 613 SF Retail Condo Unit Offered at $488,878 in Salamanca, Madrid 28009
Some information has been automatically translated.
INVESTMENT HIGHLIGHTS
- Ground floor premises.
- Right in the center of the municipality.
- Good transportation access.
- All services in the area.
EXECUTIVE SUMMARY
Residential building with commercial spaces on the ground floor, totaling 3,946 m2 and distributed across 8 above-ground floors. It is well-connected by public transportation, with several urban and intercity bus lines available.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Storage Space
- Wi-Fi
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Wi-Fi
- Storage Space
- Community-Wide WiFi
- Private Bathroom
1 UNIT AVAILABLE
Unit 02
| Unit Size | 613 SF | Sale Type | Investment |
| Price | $488,878 | Cap Rate | 3.93% |
| Price Per SF | $797.52 | NOI | $19,205.92 |
| Condo Use | Retail |
| Unit Size | 613 SF |
| Price | $488,878 |
| Price Per SF | $797.52 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| NOI | $19,205.92 |
DESCRIPTION
Commercial space and housing with a total area of 57 m2.
SALE NOTES
The property is divided into two independent units, designed to function complementarily.
Commercial space: includes a store, backroom, and bathroom, with direct access and frontage on Goya Street, located in an area with very high pedestrian and vehicular traffic.
Residence: one-bedroom apartment with independent entrance from inside the building.
The building, dating from 1934, is representative and has a resident doorman. The technical inspection of the building was passed favorably in 2022 (next review scheduled for 2032).
This is a mixed-use asset, versatile and with consolidated heritage value, ideal for investors seeking yield and stability or for clients wishing to combine business and residence in one of the best areas of Madrid. EXCLUSIVE INVESTMENT OPPORTUNITY IN GOYA.
The operation currently generates a fixed monthly income of €1,665/month (with approximately €145/month in expenses to be deducted: €80/month for community fees and about €65/month for property tax + garbage fees. Maintenance is the responsibility of the tenants), of which €515/month comes from the food and beverage store (starting 3-1-24, rent updated annually with CPI, 5-year duration), and €1,150/month from the apartment rental (expires March-25, renewable or not by the owner. Managed with maintenance included by the tenant. The apartment is not used for tourist rentals but for seasonal rentals, in accordance with the Urban Leases Law (LAU), meaning reservations are medium-term and always according to the temporary needs of the tenants as required by law. The apartment has its unique seasonal rental registration number and complies with all legal obligations (it is not registered within the tourist activity registry with the Community of Madrid). It is a seasonal rental accommodation, not accepting tourist reservations. There is no issue of non-payment as the tenant pays in advance through the platform. The rental platform provides insurance protection up to 2 million euros for property damage. Approximate net return of 4.5%, which can be improved by CPI updates of the commercial space and the upward renewal of the apartment lease.
PRIME: Goya Street, one of the most sought-after addresses in Madrid. Dual asset (commercial + residential): risk diversification and dual income source. Real and sustainable profitability: stable cash flow and active contracts. High demand for corporate temporary rentals: environment with strong professional and business activity. Potential for appreciation: established location with growing heritage value. Liquid and flexible investment: suitable for both heritage investors and end-users looking to live and work in the same asset.
Interior Photo
Interior Photo
Interior Photo
Presented by
Calle de Goya
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