Calle de Goya 613 SF Retail Condo Unit Offered at $487,754 in Salamanca, Madrid 28009

Local and housing with a total area of 57 m2.

The property is divided into two independent units, designed to function in a complementary way.  
Retail unit: includes a shop, back room and bathroom, with direct access and street frontage on Calle Goya, located in an area with extremely high pedestrian and vehicle traffic.  
Residential unit: one-bedroom apartment with an independent entrance from inside the building.

1934 building, representative, with live-in concierge. Technical Building Inspection (ITE) passed successfully in 2022 (next inspection scheduled for 2032).

This is a mixed-use asset, versatile and with consolidated intrinsic value, ideal for investors seeking yield and stability or for clients who wish to combine business and residence in one of the best areas of Madrid. EXCLUSIVE INVESTMENT OPPORTUNITY IN GOYA.

The property currently generates fixed monthly income of €1,665/month (approximately €145/month in expenses must be deducted: €80/month for building fees and about €65/month for property tax + garbage collection fees. Maintenance is paid by the tenants), of which €515/month comes from the food and beverage shop (lease start 3/1/24, rent updated annually by CPI, 5-year term), and €1,150/month from the apartment rental (expires March 2025, renewable or not at the owner’s discretion. Managed with maintenance included, paid by the tenant). The apartment is not used for tourist rentals, but for mid-term rentals, in accordance with the Spanish Urban Leases Act (LAU), meaning bookings are medium-term and always based on the tenants’ temporary needs as required by law. The apartment has its own unique mid-term rental registration number and complies with all legal obligations (it is not registered as a tourist activity with the Community of Madrid). It is an accommodation subject to non-tourist mid-term rental, and guests are required to confirm the reason for their stay (ACCOMMODATION UNDER A MID-TERM RENTAL REGIME, TOURIST BOOKINGS ARE NOT ACCEPTED). There is no issue with non-payment since the tenant pays in advance through the platform. The rental platform’s protection insurance is in place, covering up to 2 million euros for property damage. Approximate net yield is 4.5%, with upside potential from CPI-linked rent updates on the retail unit and a possible rent increase upon renewal of the apartment lease.

PRIME: Calle Goya, one of the most sought-after addresses in Madrid. Dual asset (retail + residential): risk diversification and double income stream. Real and sustainable profitability: stable cash flow and active leases. High demand for corporate mid-term rentals: area with strong professional and business activity. Appreciation potential: established location with growing intrinsic value. Liquid and flexible investment: suitable both for long-term wealth investors and for end users who want to live and work in the same asset.