Zona Palacio 969 SF of Retail Space Available in Centro, Madrid 28005

The 2 spaces in this building must be leased together, for a total size of 969 SF (Contiguous Area):

Transfer of hotel premises located in the heart of the Latina neighborhood. Located in the middle of Cava Baja, one of the most emblematic gastronomic and tourist destinations in Madrid, it offers the transfer of a fully operational hospitality business equipped to start the activity immediately. This is an excellent opportunity to develop an activity with billing potential from day one in an area that concentrates a high flow of residents, national visitors and international tourists throughout the year. La Cava Baja stands out for its consolidated offer of restaurants, leisure and terraces, making it one of the main meeting points in the capital. Its constant influx of people and its recognized position within the hospitality sector make this location a privileged environment for any restaurant project. The establishment has a café-bar license, a smoke outlet and a capacity for 40 people. The premises are distributed over two fully equipped floors and incorporates a fully equipped kitchen, warehouse, toilets, forklifts and changing room for staff, configuring a functional space prepared for efficient operation. The transmission includes all the furniture and machinery necessary for the development of the activity, allowing it to be launched without the need for additional investments or renovations. The net income stands at 3,500 €/month, a competitive figure for a location with these characteristics. It also has a subrogable contract with a duration of 10 years, plus an additional extension of 5 years, providing stability and security for long-term business development. An outstanding opportunity to establish itself in one of the areas with the highest hospitality activity in Madrid, combining a strategic location, tight investment and a business fully prepared to continue operating from day one.