INCOME-PRODUCING OFFICE BUILDING

Description

Income-producing office building for sale at Calle de Virgilio 2B, in Pozuelo de Alarcón (Madrid). The sale concerns the Arco Business Centre, located in the Ciudad de la Imagen media district and developed by the Arco property group, a business complex divided into four module-buildings with 100% occupancy. The complex totals 15,928 m² of surface area. Each module has 462 m² built at street level and a further 462 m² in the basement, giving 1,848 m² at street level and 1,848 m² below ground. It has 136 open-air parking spaces and 68 indoor spaces. The tenants are companies linked to television, audiovisual production and gas distribution: Abel Equipos (expiry November 2029, 5-year mandatory period), Madrileña Red de Gas (expiry January 2028, renewable every 3 years), Hitt Zone (expiry September 2027, extendable by a further 5 years), Falco Films (expiry September 2029, extendable by a further 10 years) and Producciones de Buen Humor (extended by a further 5 years). Annual income of 550,610.88 € and a yield of 6.10%.

City

Pozuelo de Alarcón

Built Area

1,848 m²

Energy rating

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