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Plaza del Conde de Barajas 3,648 SF Retail Condo Unit Offered at $3,551,832 in Centro, Madrid 28005
Some information has been automatically translated.
Investment Highlights
- Fantastic location in the heart of the Latina neighborhood.
- Commercial and tourist area with high traffic.
Executive Summary
Residential property of 1,093 m2 built distributed over six floors above ground located in the center of Madrid. Excellent location very close to the Plaza Mayor, in the neighborhood of La Latina. First-class commercial and tourist environment with a constant flow of potential customers.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Commercial space of 339.01 m2 in floor plan with a façade of approximately 20 linear meters, which provides great commercial visibility and abundant natural light.
Sale Notes
Profitable sale of 339 m2 premises located in the center.
Profitable commercial space located in Plaza Conde de Barajas 3, district The space has a façade of approximately 20 linear meters that provides great commercial visibility and an excellent entry of natural light. The property has a smoke outlet and a restaurant license, with a capacity of 95 people indoors and capacity for 81 chairs on the terrace.
The premises are currently leased to Federal Cafe, an operator of recognized prestige and extensive national presence, whose presence provides visibility on the continuity of revenues and significantly reduces the operational risk associated with investment. The contract began on November 1, 2016 with an agreed duration of 15 years.
As for economic conditions, the current income amounts to 10,400€ per month, which means annual income of 124,800€. The sale price is set at 3,120,000€, offering an estimated gross return of 4.00%.
Profitable commercial space located in Plaza Conde de Barajas 3, district The space has a façade of approximately 20 linear meters that provides great commercial visibility and an excellent entry of natural light. The property has a smoke outlet and a restaurant license, with a capacity of 95 people indoors and capacity for 81 chairs on the terrace.
The premises are currently leased to Federal Cafe, an operator of recognized prestige and extensive national presence, whose presence provides visibility on the continuity of revenues and significantly reduces the operational risk associated with investment. The contract began on November 1, 2016 with an agreed duration of 15 years.
As for economic conditions, the current income amounts to 10,400€ per month, which means annual income of 124,800€. The sale price is set at 3,120,000€, offering an estimated gross return of 4.00%.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 3,648 SF | Retail | $3,551,832 ($973.64/SF) | - |
-
| Unit Size |
| 3,648 SF |
| Condo Use |
| Retail |
| Price |
| $3,551,832 ($973.64/SF) |
| NOI |
| - |
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| Unit Size | 3,648 SF |
| Condo Use | Retail |
| Price | $3,551,832 ($973.64/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Commercial space of 339.01 m2 in floor plan with a façade of approximately 20 linear meters, which provides great commercial visibility and abundant natural light.</li></ul> | |
| Sale Notes | |
| Profitable sale of 339 m2 premises located in the center. <br> Profitable commercial space located in Plaza Conde de Barajas 3, district The space has a façade of approximately 20 linear meters that provides great commercial visibility and an excellent entry of natural light. The property has a smoke outlet and a restaurant license, with a capacity of 95 people indoors and capacity for 81 chairs on the terrace.<br> The premises are currently leased to Federal Cafe, an operator of recognized prestige and extensive national presence, whose presence provides visibility on the continuity of revenues and significantly reduces the operational risk associated with investment. The contract began on November 1, 2016 with an agreed duration of 15 years.<br> As for economic conditions, the current income amounts to 10,400€ per month, which means annual income of 124,800€. The sale price is set at 3,120,000€, offering an estimated gross return of 4.00%.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 6 |
| Property Subtype | Apartment | Year Built | 1900 - 1909 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Year Built | 1900 - 1909 |
Amenities
Site Amenities
- Courtyard
- On-Site Retail
- Roof Terrace
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Plaza del Conde de Barajas
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