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Las Tablas 1,711 SF Retail Condo Unit Offered at $749,883 in Fuencarral - El Pardo, Madrid 28050
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INVESTMENT HIGHLIGHTS
- Consolidated area with all types of services around it.
- Bus stops in the vicinity.
EXECUTIVE SUMMARY
Residential property in the heart of the Las Tablas neighborhood, in an area with newly constructed buildings and all types of services nearby.
PROPERTY FACTS
| Total Building Size | > 50,000 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Year Built | 2000 - 2009 |
| Property Subtype | Apartment | Parking | Yes |
| Building Class | C |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 2000 - 2009 |
| Parking | Yes |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 1,711 SF | Condo Use | Retail |
| Price | $749,883 | Sale Type | Investment |
| Price Per SF | $438.27 |
| Unit Size | 1,711 SF |
| Price | $749,883 |
| Price Per SF | $438.27 |
| Condo Use | Retail |
| Sale Type | Investment |
DESCRIPTION
159 m2 commercial space.
SALE NOTES
For sale: excellent corner commercial space with smoke vent and licensed terrace, currently profitable, rented to a highly reliable tenant with demonstrable on-time rent payments.
The property has an active lease agreement of over 10 years, recently renewed for another 10 years, with annual review according to CPI (CPI + 5 percentage points at the start of the sixth year), as well as €22,800 provided as a security deposit, making this a safe and stable investment.
The property features a 159 m2 area on a single floor, plus a private 45 m2 patio, and a sunny outdoor terrace licensed for 20 diners. It stands out for its large facade, smoke vent, air conditioning, bathroom adapted for people with reduced mobility, and easy parking. Its location is excellent, very close to Telefónica and the main companies on María Tubau Street.
Presented by
Las Tablas
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