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Calle De Hortaleza, 118

657 SF Office Condo Unit Offered at $394,941 in 28004 Madrid

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Investment Highlights

Ideal for investors
Excellent communication with transport

Highly sought after area

Property Facts

Price	$394,941	Building Class	C
Unit Size	657 SF	Floors	9
No. Units	1	Typical Floor Size	6,161 SF
Total Building Size	55,445 SF	Year Built	1970
Property Type	Multifamily (Condo)	Lot Size	0.21 AC
Sale Type	Investment	Parking Ratio	1.62/1,000 SF

Price	$394,941
Unit Size	657 SF
No. Units	1
Total Building Size	55,445 SF
Property Type	Multifamily (Condo)
Sale Type	Investment
Building Class	C
Floors	9
Typical Floor Size	6,161 SF
Year Built	1970
Lot Size	0.21 AC
Parking Ratio	1.62/1,000 SF

1 Unit Available

Unit Size	657 SF	Condo Use	Office
Price	$394,941	Sale Type	Investment
Price Per SF	$601.13

Unit Size	657 SF
Price	$394,941
Price Per SF	$601.13
Condo Use	Office
Sale Type	Investment

Description

Office space for sale at a profit, located on the first floor of a mixed-use building on Hortaleza street in Madrid, next to Plaza de Santa Bárbara, a great area for making the best investment in the capital, between the neighborhoods of Almagro and Justicia. Commercial and very touristic area of Madrid with a lot of pedestrian traffic.

The office is part of a group of workspaces leased to a major international hospitality operator, under a triple net long-term contract. This is a place rented since 2021, with 15 years of mandatory compliance and due in 2,045. He currently pays an income of 1,640 €/month, with an annual update of the CPI.

There is the possibility of accessing the purchase of a second property under similar conditions.
Warranties: 6-month guarantee (9,000€) + comfort letter.
Profitability: 5.00%.