- 27,285,000 €
- 4.7% yield
- Madrid (city) Apartment building 44,300,000 €
- Basic parameters
- Photo
№ 2,423,174
Apartment building 2,650 m² in Madrid (city)
44,300,000 €
16,716 € /m²
- Apartments 20
- Yield 1.9%
- Constructed 1900
- Price per key —
Key project parameters
- Total area
- 2,650 m²
- Apartments
- 20
- Floors
- 8
- Constructed
- 1900
Project description
The building is divided into 2 areas: the commercial area (basement and ground floors) and tourist apartments.
There are balconies and terraces.
Advantages
The building can be turned into a hotel in one of the main tourist areas of the city.
Tenants
- Agreement
- n/a
The property is let:
Commercial area. The tenant is a food chain. The tenancy contract has been concluded till 2035.
Tourist apartments. The tenant is a hotel operator. The tenancy contract has been concluded till 2031.
Financial performance
- Yield
- 1.9%
Location and nearby infrastructure
The property is located in one of the most prestigious areas of Madrid. The area has gained its popularity due to excellent connectivity, convenient location, and stately buildings. Moreover, the property is situated just a few minutes away from Madrid’s most iconic landmarks.
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).
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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