Commercial building with long-term lease agreements in Alicante, Valencia, Spain

Additional information is provided after the signing of an NDA

Commercial building with long-term lease agreements in Alicante, Valencia, Spain

2,500,000 €
1,136 € /m²
£2,152,000
£978 /m²
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  • Total area
    2,200 m²
  • Yield
    7.0%
Details
Property parameters
  • Land area: 5,200 m²
Financial performance
  • Annual income: 174,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%

Commercial building in Alicante.

Description

The building has a total area of 2,200 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

Tht annual income is 174,000 €.

The yield is 7%.

Tenants

Lease agreements are concluded for a period of 15/20 years.

Transaction costs

The brokerage fee is 5%.

The cost of ownership

Most of the costs, including property tax, are borne by the tenants.

Location and nearby infrastructure

The property is located on a high-traffic street in the city of Alicante, part of the autonomous community of Valencia.

The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community. It is located along the Mediterranean coast on the east side of the Iberian peninsula. The population is about 5 million people.

In addition to tourism, the Valencian Country has significant exports, and it ranks second in this respect among the Spanish autonomous communities, constituting 12% of the national total.

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