11 INCOME-PRODUCING COMMERCIAL PREMISES

Description

Portfolio of 11 income-producing commercial premises located on the ground floor of one of the most modern and established residential complexes in Móstoles, at Avenida Alcalde de Móstoles 12 (Madrid). Gross lettable area of 4,992 m². 100% occupancy with solid anchor tenants: Ahorramas and Asepeyo account for close to 60% of the guaranteed monthly rent, which amounts to around €686,000 per year, with a one-year mandatory term. The retail mix is diverse, with multiple services and activities that encourage a constant flow of visitors. Móstoles is the second most populous city in the Madrid region, with over 214,000 inhabitants, just 18 km from the centre of the capital. The asset has easy access to the A-5 and M-50 motorways and is close to the Móstoles-El Soto and Móstoles Central (MetroSur) commuter rail stations, as well as numerous bus lines. Yield of 5.60%.