INCOME-PRODUCING COMMERCIAL PREMISES

Description

Income-producing commercial premises for sale at Calle Fuencarral 88, Madrid, an outstanding location on one of the capital's busiest shopping streets. The unit is laid out over a ground floor of 66.47 m² and a basement of 16.33 m², totalling approximately 83 m². It has no smoke extraction outlet. The tenant is Masterger Inversiones, S.L., an investment group specialising in tobacconists, under a contract signed on 26 January 2024 for a 15-year term with a mandatory period running until 25 March 2027. Rent is stepped: 3,900 €/month in year one, 4,400 €/month in year two and 4,900 €/month in year three, updated annually by the higher of the general and housing CPI, with a CPI + 5 uplift at the end of year 8. Guarantees comprise a 2-month deposit (9,800 €) plus a 4-month additional guarantee (19,600 €). Service charges and property tax are borne by the tenant. Yield of 4%.