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Zona Palacio

969 SF Retail Condo Unit Offered at $462,788 in 28013 Madrid

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Investment Highlights

Profitability of 4.50%
Central location in a tourist area between the Opera House and the Main Street

Recently soundproofed and with a capacity of 68 people
Special bar license

Property Facts

Price	$462,788	Property Subtype	Apartment
Unit Size	969 SF	Sale Type	Investment
No. Units	1	Building Class	C
Total Building Size	< 15,000 SF	Floors	5
Property Type	Multifamily (Condo)	Year Built/Renovated	1860 - 1869/1980 - 1989

Price	$462,788
Unit Size	969 SF
No. Units	1
Total Building Size	< 15,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment
Building Class	C
Floors	5
Year Built/Renovated	1860 - 1869/1980 - 1989

1 Unit Available

Unit Puerta 01

Unit Size	969 SF	Condo Use	Retail
Price	$462,788	Sale Type	Investment
Price Per SF	$477.59

Unit Size	969 SF
Price	$462,788
Price Per SF	$477.59
Condo Use	Retail
Sale Type	Investment

Description

Available in central local profitability of 90 m2 located in Opera area.
Located between Calle Mayor and Ópera, in a tourist area with plenty of restaurants and various hostels and hotels around. The venue is a 2-minute walk from the Opera metro station and just 6 minutes from the Sol transport hub.
The space is distributed on one floor and is currently in operation and rented by the same tenant since October 2016. This is a place with a special bar license recently soundproofed and with a capacity of 68 people. It is equipped with a POS system, cameras, lights and sound equipment and also has a fully equipped bar and ice machines.
Profitability of 4.50% and monthly income of 1.800€.