Supermarket with a 25-year lease agreement in the center of Alicante, Spain

Additional information is provided after the signing of an NDA

Supermarket with a 25-year lease agreement in the center of Alicante, Spain

7,200,000 €
1,756 € /m²
£6,200,000
£1,512 /m²
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  • Total area
    4,100 m²
  • Yield
    6.0%
Details
Financial performance
  • Annual income: 432,000 €
Tenants
  • Fully let
  • End of lease: 2044
Property status
  • Most recent total renovation: 2018
Transaction costs
  • Broker: 5.0%

A supermarket with a well-known terail chain tenant and a long-term lease agreement in the city center.

Description

The area of the trading floor is 2,200 m². The underground parking area is 1,900 m².

Overhaul was completed in 2018.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The absolute annual income is 432,000 €.

The current yield is 6%.

Tenants

The tenant is one of the largest supermarket chains in Spain with over 1,500 stores.

The lease agreement is valid for 25 years.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is a place where you can find almost everything a tourist needs: sea and white sandy beaches, rich history and attractions. Its symbol and main historical landmark is the medieval castle of Santa Barbara on Mount Benatankil.

One of the highlights of Alicante is its famous festival called Las Hogueras de San Juan or the Bonfires of St. John.

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If this ad doesn't suit you, have a look at the other supermarkets for sale in Alicante.

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