Car dealership with a well-known tenant in Seville.
Description
Commercial space with an area of 13,650 m².
The land area is 11,850 m².
The annual net income is 502,000 €.
The net yield is 6%.
The property is fully let. The tenant is a well-known European car dealer.
New lease agreement for a period of 25 years.
Brokerage fee is 4%.
The property is located in Seville, the capital of the autonomous community of Andalusia in southern Spain. The population of the city is about 700 thousand inhabitants.
Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar.
Among the autonomous communities, Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe.
