SALE & LEASE BACK MEDICAL CENTRE

25324Residential

Madrid, Spain

Price

€8,500,000

* + agent intermediation fees payable by the buyer.

Description

Sale and leaseback of a spectacular medical centre at Calle del Darro 15, in an unbeatable area of Madrid. A 1968 building with 849 m² of built area (654.42 m² usable) spread over a basement (260.65 m²), first floor (127.63 m²), second floor (108.60 m²), third floor (111.30 m²) and attic (46.24 m²), with the possibility of a change of use to residential. The transaction consists of the sale of the asset with a subsequent lease to the current operator, or alternatively the joint sale of the asset and the business. 5-year lease with a 3-year mandatory term, rent of €40,000 per month (€480,000 per year) and 3 years' rent paid in advance (€1,440,000). Property tax (IBI) of €11,758. Yield of 5.65%. The tenant is Grupo Arpa Médica, a centre specialising in gynaecology, obstetrics and fertility since 1995 and a leading name in assisted reproduction in Spain, which today offers more than 20 medical specialities across its clinics.

City: Madrid
Built Area: 849 m²
Energy rating: —