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Zona Gaztambide

1,615 SF Retail Condo Unit Offered at $470,571 in 28015 Madrid

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Investment Highlights

Excellent location in the Gaztambide neighborhood
Current 10-year contract

Annual net return of 5.07%

Property Facts

Price	$470,571	Property Subtype	Apartment
Unit Size	1,615 SF	Sale Type	Investment or Owner User
No. Units	1	Floors	7
Total Building Size	10,000 - 60,000 SF	Year Built	1950 - 1959
Property Type	Multifamily (Condo)

Price	$470,571
Unit Size	1,615 SF
No. Units	1
Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment or Owner User
Floors	7
Year Built	1950 - 1959

1 Unit Available

Unit Size	1,615 SF	Condo Use	Retail
Price	$470,571	Sale Type	Investment or Owner User
Price Per SF	$291.38

Unit Size	1,615 SF
Price	$470,571
Price Per SF	$291.38
Condo Use	Retail
Sale Type	Investment or Owner User

Description

Profitability sale of bar-restaurant located in the neighborhood of Gaztambide, district of Chamberí.
Location in Arguelles area, very close to Corte Inglés and the university, in a neighborhood with high purchasing power. High traffic area with all kinds of businesses and services (banks, restaurants, shops, bars... etc.).
The premises have 150 m2 distributed on the street floor and has a large façade with large windows. It is in perfect condition and offers a terrace. It has a neat decoration and is equipped with a kitchen with a smoke outlet, a bar area, two toilets and a garbage room.
The asset offers an annual net return of 5,07%. Monthly rent of 2,200€ plus VAT and contract in force for 10 years.