Commercial space in the center of Alicante, Spain

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Commercial space in the center of Alicante, Spain

205,000 €
785 € /m²
£176,000
£674 /m²
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  • Total area
    261 m²
Details
Tenants
  • End of lease: 2029
Loan
  • Loan size: 50% of the value of the property
  • Rate: 2.5%
  • Loan term: 20 years
Transaction costs
  • Broker: 5.0%

Commercial space with a long-term lease agreement in the city center.

Description

The space has an area of 261 m², the ceiling height is 4 meters.

Financial performance

The absolute annual income is 17,232 €.

The current yield is 8.4%.

Loan

Possible financing for 50% of the cost for up to 20 years at 2.5% per annum.

Tenants

The tenant is a large German chain of discount stores, which specializes in the sale of non-food products, and has more than 2,000 branches throughout Europe.

A contract for the mandatory execution of a lease for a period of 10 years has been concluded.

Location

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 the most popular province of Spain among foreigners – last year, 50% of local house purchases were made by foreigners. In addition, there is one of the largest airports in the country, serving up to 13 million passengers per year.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Alicante.

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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