Chain sporting goods store with a long-term lease.
Description
The building has a total area of over 6,000 sq. m.
There is a potential to increase the usable area by 21,000 sq. m. through the construction of new commercial space.
The annual income is 707,000 €.
The yield is 6%.
Indexation of rent is provided.
The building is fully leased. The tenant has been in the premises for about 20 years.
The current lease agreement was concluded for 20 years.
The tenant is an international chain sporting goods store.
The brokerage fee is 4%.
The property is located in Spain.