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Avenida Reyes Católicos, 23

592 SF Retail Condo Unit Offered at $147,251 in 28802 Alcalá De Henares

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Investment Highlights

Profitable premises, ideal for investors
Heavily trafficked area

In perfect condition

Property Facts

Price	$147,251	Building Class	B
Unit Size	592 SF	Floors	2
No. Units	1	Typical Floor Size	3,574 SF
Total Building Size	7,147 SF	Year Built	1975
Property Type	Retail (Condo)	Lot Size	0.08 AC
Sale Type	Investment

Price	$147,251
Unit Size	592 SF
No. Units	1
Total Building Size	7,147 SF
Property Type	Retail (Condo)
Sale Type	Investment
Building Class	B
Floors	2
Typical Floor Size	3,574 SF
Year Built	1975
Lot Size	0.08 AC

1 Unit Available

Unit Size	592 SF	Condo Use	Retail
Price	$147,251	Sale Type	Investment
Price Per SF	$248.73

Unit Size	592 SF
Price	$147,251
Price Per SF	$248.73
Condo Use	Retail
Sale Type	Investment

Description

Great opportunity for investors. Commercial space of 55 m2 in one of the main avenues of Alcalá de Henares.

It has been operating as a bar-restaurant for more than 20 years. It is currently leased for 800 €/month, with the lease ending on October 31, 2017, with the possibility of extending it for 4 more years.

In 14.58 years, investment would be recovered. Note that there is an update of the annual income based on the CPI, so that the return on investment will occur much sooner. There are no community fees for homeowners.