Restaurant with a 20-year lease, Madrid, Spain

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Restaurant with a 20-year lease, Madrid, Spain

1,680,000 €
2,772 € /m²
£1,438,000
£2,372 /m²
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  • Total area
    606 m²
  • Yield
    5.7%
Details
Property parameters
  • Land area: 1,700 m²
Financial performance
  • Annual income: 95,760 €
Tenants
  • Fully let
  • End of lease: 2039
Loan
  • Loan size: 60% of the value of the property
  • Rate: 1.9%
Transaction costs
  • Broker: 5.0%

Fast food restaurant with a well-known chain tenant.

Description

The restaurant is located next to the student dormitories of the University of Madrid, on the same square as the supermarkets Mercadona and LIDL.

Loan

A loan of € 1,000,000 is possible at 1.9% per annum.

Tenants

The tenant is a chain of fast food restaurants with more than 17,000 restaurants worldwide.

The lease agreement is valid from 2019 to 2039.

Rent:

  • for 2019: 84.000 €/year + VAT
  • for 2020: 90.000 €/year + VAT
  • from 2021: 96.000 €/year + VAT

Location

Madrid is the capital of Spain and the largest city in the country with a population of over 3 million people. This is a modern and noisy metropolis, located almost in the center of the Iberian Peninsula.

Madrid is an influential cultural center with many international museums, including the Prado Museum, the Reina Sofia Art Center, the Thyssen-Bornemisza Museum and the Madrid Forum, which are in the hundred most visited museums in the world.

Madrid remains the second most important industrial center of Spain after Barcelona. The importance of Barajas Airport and its contribution to administrative and financial activities has recently increased significantly. Road construction and expansion of rail transportation has significantly increased in recent years as well. There are several car factories in the suburbs of Madrid.

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If this ad doesn't suit you, have a look at the other restaurants for sale in Madrid (city).

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