Shopping center with long-term lease agreements, Benidorm, Spain

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Shopping center with long-term lease agreements, Benidorm, Spain

30,000,000 €
1,949 € /m²
£25,655,000
£1,667 /m²
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  • Total area
    15,388 m²
  • Yield
    5.0%
Details
Property parameters
  • Land area: 31,970 m²
  • Number of parking lots: 679
Financial performance
  • Annual income: 1,500,000 €
Tenants
  • Fully let
  • End of lease: 2049
Loan
  • Loan size: 65% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0%

Shopping center with well-known chain tenants.

Description

The shopping center has about 15,388 m² and is located on a plot of 31,970 m².

There is a parking for 679 cars in front of the shopping center.

There is a vacant space of 1390 m².

WAULT: 29.3 years.

Extra opportunities

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

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Loan

Possible financing for 20,000,000 at 1.9% per annum for a period of 15 years.

Tenants

  • 3,615 m² – the tenant is a French chain of sporting goods stores with more than 1,500 stores in 49 countries. The lease agreement is valid for 30 years.
  • 8,840 m² – the tenant is a chain of building materials stores. The lease agreement is valid for 40 years.
  • 1,543 m² – the tenant is a French chain of furniture stores with more than 250 stores in Europe. The lease agreement is valid for 18 years.

Location

The property is located near the highway and is clearly visible from the road, which ensures a constant flow of customers.

Benidorm is a city and municipality in Spain with a population of over 70 thousand people, a part of the province of Alicante in the autonomous community of Valencia.

Benidorm is the tourist capital of the Costa Blanca. There are many amazing beaches and clear sea. The city is called the Spanish New York for a large number of skyscrapers and the Spanish Las Vegas for the abundance of bars, restaurants and other places of entertainment.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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