Plaza de la Paja, 3 2,368 SF Retail Condo Unit Offered at $1,965,139 in Centro, Madrid 28005

The premises are distributed across a ground floor designed for a customer service area and a bar, while the basement houses the restrooms and a spacious, fully equipped kitchen. Both floors are connected by a freight elevator, optimizing the establishment's operations and service.

Sale of a high-yield commercial property: a restaurant space located in the iconic Plaza de la Paja, right in the heart of La Latina, one of Madrid's most popular areas for tourism and gastronomy.

The property has a well-established tenant with proven experience in the sector and operations in several locations across the capital.

The restaurant is in excellent condition and holds a definitive activity license with authorized operating hours from 8:00 AM to 2:00 AM. Additionally, it has a terrace license for 10 tables and 38 chairs, a particularly valuable feature in this prime location.

The layout includes a ground floor dedicated to the dining area and bar for customer service, while the basement houses restrooms and a spacious, fully equipped kitchen. Furthermore, the property is equipped with a service elevator that directly connects the kitchen to the service area, optimizing the daily operations of the business.

The lease agreement terms include a monthly rent of €7,200, a duration of 15 years, and a mandatory compliance period of 3 years, with a 6-month notice requirement. The rent is adjusted annually based on the Consumer Price Index (CPI), and at the start of the 6th and 11th years, it increases by an additional three percentage points over the CPI adjustment. The legal deposit is equivalent to two months' rent, with an additional guarantee of four months' rent. Property taxes (IBI) and extraordinary community expenses are covered by the property owner, while ordinary community expenses and urban waste fees are the responsibility of the tenant.