Supermarket with a 25-year lease, Tenerife, Spain

Additional information is provided after the signing of an NDA

Supermarket with a 25-year lease, Tenerife, Spain

6,900,000 €
2,103 € /m²
£5,954,000
£1,815 /m²
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  • Total area
    3,280 m²
  • Yield
    7.0%
  • Built in 
    2004
Details
Financial performance
  • Annual income: 484,000 €
Tenants
  • Fully let
  • End of lease: 2045
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Broker: 4.0%

Supermarket with a well-known chain tenant and a long-term lease agreement.

Description

The total area of the supermarket is 3,280 m².

Extra opportunities

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

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Tenants

The tenant is a large European supermarket chain with more than 1,500 stores throughout Spain.

The lease agreement is valid for 25 years.

The cost of ownership

The costs of maintaining the property and paying real estate tax are borne by the owner ~ 30,000 € per year.

Location and nearby infrastructure

Tenerife is the largest island in the archipelago of the seven Canary Islands in the Atlantic Ocean. Like all Canary Islands, Tenerife has a volcanic origin, its highest point is the Teide volcano. The population of the island is more than 900 thousand people.

All year round there are a lot of festivals, carnivals, shows and bright holidays. You can visit a number of theme parks: Loro, Sky Park, Jungle Park, Costa Adeje Water Park or the Piramides de Guimar Ethnographic Park.

The island's economy is based on tourism, the service sector has received maximum development – its share is 78.08% of the total economic potential.

More properties

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

All ads in the country: supermarkets for sale in Spain.

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