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Tetuán 3,013 SF Retail Condo Unit Offered at $1,956,947 in Tetuán, Madrid 28020
Some information has been automatically translated.
Investment Highlights
- Retail space with rental income.
- Total area of 280 m2.
- Health Services License.
- Long-term contract currently in force.
- Current use of beauty center.
- Smoke outlet available.
Executive Summary
The asset is located in a residential building surrounded by important urban and institutional elements such as the Santiago Bernabéu Stadium, the financial complex of AZCA and the administrative complex of Nuevos Ministerios. In the immediate vicinity there are also cultural and scientific facilities such as the Geominero Museum, as well as several office buildings and services linked to the axis of Paseo de la Castellana. The area has extensive public transport connections, with nearby metro stations such as Santiago Bernabéu (line 10) and Nuevos Ministerios (lines 6, 8 and 10), the latter with a connection to the Renfe Cercanías network. There are multiple urban bus lines that run along Paseo de la Castellana. Access by private transport is via the Castellana axis itself, with connections close to the M-30 and links to the A-1 heading north.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
It is a ground-floor, street-level unit that is leased and operating as a beauty center. The current use has a healthcare services license.
It also has a permit for an outdoor terrace.
The asset is leased under a long-term contract, with a net yield of 5%.
The surrounding area is characterized by the presence of offices, corporate headquarters, and hotels, with mainly professional activity on weekdays and residential use on weekends and holidays. The location is in a consolidated urban area of the Tetuán district.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 01 | 3,013 SF | Retail | $1,956,947 ($649.50/SF) | $97,847.36 |
Unit 01
| Unit Size |
| 3,013 SF |
| Condo Use |
| Retail |
| Price |
| $1,956,947 ($649.50/SF) |
| NOI |
| $97,847.36 |
Unit 01
| Unit Size | 3,013 SF |
| Condo Use | Retail |
| Price | $1,956,947 ($649.50/SF) |
| NOI | $97,847.36 |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| Description | |
| The total area of the premises is 280 m2. The space is developed at street level and has a smoke outlet.</li></ul> | |
| Sale Notes | |
| Retail unit with rental income located on Poeta Joan Maragall Street, in the Tetuán district of Madrid.<br> <br> It is a ground-floor, street-level unit that is leased and operating as a beauty center. The current use has a healthcare services license.<br> It also has a permit for an outdoor terrace.<br> <br> The asset is leased under a long-term contract, with a net yield of 5%.<br> <br> The surrounding area is characterized by the presence of offices, corporate headquarters, and hotels, with mainly professional activity on weekdays and residential use on weekends and holidays. The location is in a consolidated urban area of the Tetuán district.</li></ul> |
Property Facts
Amenities
Site Amenities
- Close to Public Transportation
- Doorman
- Elevator
- On-Site ATM
Presented by
Tetuán
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