Supermarket in Malaga, Andalusia, Spain

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Supermarket in Malaga, Andalusia, Spain

4,150,000 €
1,037 € /m²
£3,572,000
£893 /m²
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  • Total area
    4,000 m²
  • Yield
    6.5%
  • Rental rate (m²/month)
    11 €
Details
Property parameters
  • Leasable area: 2,000 m²
Financial performance
  • Annual income: 270,000 €
Tenants
  • Fully let
  • End of lease: 2055

Supermarket with a well-known chain tenant in Malaga.

Description

The total area is 4,000 m² (including a parking area of 2,000 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 annual income is 270,000 €.

The yield is 6.5%.

Tenants

The property is fully let. The tenant is a well-known supermarket chain.

The lease agreement is valid until 2055.

Transaction costs

Brokerage fee.

Location and nearby infrastructure

The supermarket is located in Malaga.

Malaga is a municipality of Spain, capital of the Province of Malaga, in the autonomous community of Andalusia. With a population of about 600,000 people, it is the second-most populous city of Andalusia after Seville and the sixth most populous in Spain. It lies on the Costa del Sol (Coast of the Sun) of the Mediterranean.

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.

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