INCOME-PRODUCING COMMERCIAL PREMISES (COWORKING)

Description

Income-producing commercial premises on Avenida Juan XXIII 6 in Málaga, one of the most important avenues in the city, which in recent years has undergone a major transformation from an industrial to a residential area, with significant improvements in transport links and population density. The avenue stands out as one of the main links between the north and south of the city. The premises, 1,589 m² spread over ground and first floors, are let to a coworking company owned by a Spanish family office. The lease runs for 10 years, with a 5-year mandatory term backed by a guarantee, at a rent of 280,000 euros per year plus service charges; property tax (IBI), payable by the owner, amounts to 7,000 euros. The yield is 7%.