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Zona Cartagena - López de Hoyos - Príncipe de Vergara

4,596 SF Office Condo Unit Offered at $834,821 in 28002 Madrid

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Investment Highlights

Sale at a return of more than 7%
Possibility to change use to housing

Solvent tenant with a long-term contract

Property Facts

Price	$834,821	Sale Type	Investment or Owner User
Unit Size	4,596 SF	Building Class	B
No. Units	1	Floors	8
Total Building Size	10,000 - 60,000 SF	Year Built	1960 - 1969
Property Type	Multifamily (Condo)	Parking	Yes
Property Subtype	Apartment

Price	$834,821
Unit Size	4,596 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
Building Class	B
Floors	8
Year Built	1960 - 1969
Parking	Yes

1 Unit Available

Unit Puerta A

Unit Size	4,596 SF	Condo Use	Office
Price	$834,821	Sale Type	Investment or Owner User
Price Per SF	$181.64

Unit Size	4,596 SF
Price	$834,821
Price Per SF	$181.64
Condo Use	Office
Sale Type	Investment or Owner User

Description

Profitable sale of an office complex of 214 m2 and a house of 213 m2, located respectively on the ground floor and mezzanine, of a residential building located around Cartagena street, next to López de Hoyos and Príncipe de Vergara streets.

The office has an attractive return of more than 7% and a solvent tenant, with a long-term contract until September 2032 and a history of more than 25 years in the service business. There is the possibility of converting it into a unique home by area and location, confirmed in prior consultation by the Chamartín District Board.

Magnificent location just 5 minutes from El Viso, the National Auditorium and the renowned Hotel Puerta de América.

Annual IBI covered by the landlord and ordinary and extraordinary community expenses borne by the tenant.