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.
The annual income is 480,000 €.
The yield is 6%.
The building is fully leased. There is an agreement with the management company.
The brokerage fee is 3%.
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.
