Building for redevelopment in the center of Madrid.
Description
Building with a total area of over 2,000 m²:
- 15 apartments
- 2 commercial spaces
The redevelopment project involves transformation into luxury apartments.
Currently, one commercial space is leased. The tenant is a restaurant.
The annual income is 120,000 €.
The lease was concluded until 2029.
The brokerage fee is 4%.
The property is located in the center of Madrid, in a prestigious area of the city — Chueca.
Chueca is an area of central Madrid, named after its main square, Plaza de Chueca. It is located in the administrative ward in the central Madrid neighbourhood of Justicia. Chueca is very lively, with many street cafes and boutique shops.
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.
