INCOME-PRODUCING COMMERCIAL PREMISES (OHLALA)

Description

Income-producing commercial premises for sale at Calle Corredera Baja de San Pablo 41, in the heart of Madrid's Malasaña neighbourhood. The unit sits on the district's main street, the epicentre of the capital's alternative culture, street art and nightlife. Laid out over a ground floor of 83.58 m² and a basement of 19.24 m², it has a 6-metre frontage and a smoke extraction system already installed. The current tenant is Oh LALA Candle Café, the group's second venue following its successful debut at Calle Unión 1 in Madrid. The lease began on 6 June 2025 for a 15-year term with a 2-year mandatory period, backed by a 2-month deposit plus a 4-month additional guarantee. Rent is 3,500 € per month, updated annually in line with the general CPI, with an additional CPI + 5 uplift at the end of year 10. Property tax and service charges (55.46 €/month) are borne by the landlord. Net yield of 5%.