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Calle General Pardiñas

743 SF Retail Condo Unit Offered at $365,840 in 28006 Madrid

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Investment Highlights

Newly renovated space
Excellent location

Multiple possibilities

Property Facts

Price	$365,840	Property Subtype	Apartment
Unit Size	743 SF	Sale Type	Investment
No. Units	1	Building Class	B
Total Building Size	> 50,000 SF	Floors	14
Property Type	Multifamily (Condo)	Year Built	1970 - 1979

Price	$365,840
Unit Size	743 SF
No. Units	1
Total Building Size	> 50,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment
Building Class	B
Floors	14
Year Built	1970 - 1979

1 Unit Available

Unit Size	743 SF	Condo Use	Retail
Price	$365,840	Sale Type	Investment
Price Per SF	$492.38

Unit Size	743 SF
Price	$365,840
Price Per SF	$492.38
Condo Use	Retail
Sale Type	Investment

Description

Local for sale at a profit, on Calle del General Pardiñas, 69, located in the Salamanca neighborhood of Madrid, near the Retiro Park.

It has a total area of 69 m2 distributed over two floors, and we can find it at street level, which is more visible to future customers. In addition, its state of conservation is very good. The ground floor is 29 m2 and the basement 28 m2.

The space provides a toilet, which is essential for the comfort of employees and customers. In addition, the large windows that the room has provide plenty of natural light. On both floors, it has air conditioning systems, to maintain a pleasant environment all year round.

It also has a renovated electrical installation, a floating oak floor and LED lights with dimmers.

Current activity: Bazaar. Gross return of approximately 6%.

High rent conditions signed before a notary: Duration 5 years starting in March 2023 and ending in March 2028. Monthly income of 1,800 €/month, plus increased annual CPI. Deposit: 3,600€ equivalent to 2 monthly payments.

IBI: 602€ Community fees: 60€/month.