COMMERCIAL PREMISES (277 M2)

Description

Prime income-producing commercial premises for sale at Calle Salustiano Olózaga 14, in the Recoletos neighbourhood of Madrid's Salamanca district. The asset sits on the Puerta de Alcalá / Plaza de Cibeles axis, next to Plaza de la Independencia and El Retiro park, one of the capital's most exclusive areas. The 277 m² unit, with smoke extraction, is let to an established operator in the wellness and health sector running an urban wellness, healthy activities and coffee concept. The lease runs for 10 years plus a mandatory 5-year extension, with 8 binding years, and a current annual rent of €222,000, giving a net yield of 4.50%. Guarantees include a 2-month statutory deposit and a 6-month bank guarantee.