INCOME-PRODUCING COMMERCIAL PREMISES (GAES)

Description

Income-producing commercial premises for sale at Calle San Fernando 86, Santander, one of the city's main retail streets. The unit has a built area of 449 m² and is leased to GAES, a specialist hearing-centre operator. The lease began in June 2022 and runs until June 2032, with annual rent reviews linked to the CPI (first review in June 2023). Annual rent amounts to 73,016.16 € (6,084.68 € per month), with a deposit of 11,000 €. Service charges (172.20 €/year) and property tax (1,266.12 €/year) are borne by the landlord. The transaction offers a yield of 5.96%, with an established tenant and a long-term lease.