Building in the center of Madrid, Spain

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Building in the center of Madrid, Spain

8,000,000 €
5,333 € /m²
£6,864,000
£4,576 /m²
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  • Total area
    1,500 m²
  • Yield
    6.0%
Details
Property parameters
  • Total apartments: 30
Financial performance
  • Annual income: 480,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2020
Transaction costs
  • Broker: 3.0%

Building in the center of Madrid.

Description

The building with a total area of 1,500 m² includes 30+ apartments and 2 commercial premises on the ground floor.

The property is in excellent condition after renovation.

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 480,000 €.

The yield is 6%.

Tenants

The building is fully leased. There is an agreement with the management company.

Transaction costs

The brokerage fee is 3%.

Location and nearby infrastructure

The property is located in the heart of Madrid, in close proximity to all the main attractions of the city.

Madrid is the capital and most populous city of Spain. The city has almost 3.3 million inhabitants and a metropolitan area population of approximately 6.5 million. It is the second-largest city in the European Union.

Madrid is the 5th most important leading Centre of Commerce in Europe (after London, Paris, Frankfurt and Amsterdam) and ranks 11th in the world.

Madrid-Barajas International Airport is the largest in Spain; it serves about 45 million passengers annually.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Madrid (city).

All ads in the country: apartment buildings for sale in Spain.

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