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Paseo Extremadura, 47 5,554 SF Retail Condo Unit Offered at $1,513,793 in Latina, Madrid 28011

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INVESTMENT HIGHLIGHTS

  • Excellent place with a 6% return
  • Continuous high traffic of pedestrians
  • Excellent communications by public transport
  • Direct sale for the property
  • Establishment with insured clientele
  • Consolidated zone
  • Monthly rent 7,000 #. Minimum expenses (community and IBI)

PROPERTY FACTS

Total Building Size 17,825 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 5
Typical Floor Size 3,565 SF
Year Built 1930
Lot Size 0.11 AC

AMENITIES

  • Bus Line
  • Natural Light

SITE AMENITIES

  • Close to Public Transportation

1 UNIT AVAILABLE

Unit Puerta 01

Unit Size 5,554 SF
Price $1,513,793
Price Per SF $272.56
Condo Use Retail
Sale Type Investment or Owner User
SALE NOTES

Profitable local for sale located in Puerta del Angel.
The place has 2 floors. At street level, it has 415 m2 and in the basement it has 71.61 m2. It is located on Paseo de Extremadura 47.
Currently rented to Eroski, it is being sold for profit.
Rent established up to the year 2,037. The tenant is happy with the business he develops, there is no problem transferring references to the potential buyer. The premises are completely renovated, with a free height on the street level of almost 3 meters and has relevant authorizations for the development of commercial activities, as well as community ones for smoke exhaust, and AA.CC services on the roof of the building.

The sale also includes currently unused space of approximately 30 m2, at the first floor level with ventilation and lighting (windows to the interior patio).
Net return on expenses of 6%.

Monthly rent €7,000. Minimum expenses (community and IBI)
Net return on expenses of 6%
A good place, well located, with a good tenant and good profitability.
Direct sale for the property.

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  • Listing ID: 34198074

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: Paseo Extremadura, 47, Latina, Madrid 28011

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