Shopping center with 10-year lease agreements, Valencia, Spain

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Shopping center with 10-year lease agreements, Valencia, Spain

11,250,000 €
2,008 € /m²
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  • Total area
    5,600 m²
  • Yield
    5.1 %
  • Rental rate (m²/month)
    8 €
Details
Property parameters
  • Land area: 14,000 m²
Financial performance
  • Annual income: 575,000 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 5.0 %

Shopping center with several large tenants.

Description

Shopping center includes:

  • supermarket (1,800 m²)
  • sports complex (1,800 m²)
  • home goods store (900 m²)
  • pet shop (900 m²)
  • restaurant (170 m²)

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 575,000 €.

The current yield is 5.1%.

Tenants

Anchor tenants are:

  • a large chain of discount stores, with more than 10 thousand stores in 18 countries (mandatory lease agreement is valid until 2029 with a rental fee of 225,000 €/year).
  • German retail chain of non-food items with more than 1,400 stores in Europe (lease agreement is valid for 10 years)
  • Spanish fitness club chain (lease agreement is valid for 10 years)
  • pet shop (lease agreement is valid for 10 years)

At the moment, the last space of 170 m² is intended to be leased to an Italian food restaurant.

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.

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

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Spain.

You can see more mixed-use buildings for sale in Valencia (city) elsewhere on our website.

Statistics in Valencia

Price per m², €
2,653
Healthcare efficiency level
82
Index 82 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
74
Index 74 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,652.73
Apartment in a bedroom community, m² 1,468.18
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 41.0
Taxi, 1 km 1.08
Petrol, 1 l 1.28
Food Price, €
Water, 1.5 l 0.42
Milk, 1 l 0.69
White bread, 500 g 0.78
Eggs, a dozen 1.44
Chicken fillet, 1 kg 6.17
Education Price, €
Kindergarten, per month 347.64
International school, per year 6,972.73
Health care index
Staff competence 81.67
Medical equipment 89.81
Research accuracy and completeness 83.33
Attitude towards patients 75.83
Security index
Crime rate 18.6
The risk of being robbed 20.18
The risk of car theft 32.69
The risk of break-in and property damage 37.05

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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