A new complex of supermarkets of well-known retail chain tenants, Valencia, Spain

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A new complex of supermarkets of well-known retail chain tenants, Valencia, Spain

3,550,000 €
1,742 € /m²
£3,045,000
£1,494 /m²
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  • Total area
    2,037 m²
  • Yield
    6.2%
Details
Property parameters
  • Total premises: 4
  • 1-floor building
Financial performance
  • Annual income: 220,920 €
Tenants
  • Fully let
Loan
  • Loan size: 70% of the value of the property
  • Rate: 1.9%
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0%

Three large chain supermarkets and a fast food restaurant with long-term lease agreements located in the same complex with a fwell-known hypermarket.

Description

Four new spaces with a total area of 2,037 m² located in a one-storey shopping complex and rented by international franchises.

There is an outdoor parking in front of the complex.

Financial performance

The absolute annual income is € 220,920.

The current yield is 6,2%.

Loan

Possible mortgage: 70% of the value at 1.9% per annum for 15 years.

Tenants

  • 600 m² – 64.800 €/year – a chain of auto parts stores and workshops, more than 90 centers throughout Spain
  • 573 m² – 66.120 €/year – a chain of electrical goods stores, more than 400 centers throughout Spain.
  • 616 m² – 54.000 €/year – a chain of American fast food restaurants, more than 230 centers in Spain.
  • 248 m² – 36.000 €/year – a chain of stores selling mattresses, more than 50 centers in Spain

Transaction costs

Brokerage fee is 5%.

Location

There are 300 sunny days a year in Valencia with an average temperature of 19ºС, which makes this province ideal for living all year round.

Valencia has beautiful architecture, developed infrastructure, schools and universities, excellent gastronomy and spacious beaches.

Valencia is also the venue for international events such as the European Formula One Grand Prix or the Valencia Open Tennis 500 Championship.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Valencia (city).

All ads in the country: retail space for sale in Spain.

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    Marina Filichkina,
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