INCOME-PRODUCING COMMERCIAL PREMISES (DIA)

Description

Income-producing commercial premises and training centre for sale at Plaza de la Danza, Valladolid, with 1,780 m² of floor area and in operation since 1999. The asset is let to two tenants: the DIA supermarket and the Forem CyL training centre. The gross annual rent amounts to 177,378 euros (125,827 euros from DIA and 51,551 euros from Forem) and the net annual rent to 169,196 euros. The DIA lease expires in January 2035 and the Forem lease in April 2029, with a mandatory term running until January 2029. Landlord costs are property tax (IBI, 7,017 euros) and insurance (1,164 euros). According to the documentation, the tenant has scheduled a refurbishment with an investment of 373,000 euros. The yield stands at 6.50%, with two established tenants and diversified income streams.