The office building with a reliable tenant.
Description
The building has a total area of about 1,000 m².
Deal structure: Asset Deal.
The annual income is 160,000 €.
The yield is 6.4%.
The property is fully let. The tenant is an international coworking chain with 3,000 offices in over 100 countries.
The lease agreement is valid until 2029 with the extension options.
Brokerage fee.
The building is located in Algarve — the southernmost region of continental Portugal.
The population of the region is over 450,000 people. The administrative center is the city of Faro.