Zona Cartagena - López de Hoyos - Príncipe de Vergara 4,596 SF Office Condo Unit Offered at $872,763 in Chamartín, Madrid 28002

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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	$872,763
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
Price	$872,763
Price Per SF	$189.90
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.