Commercial building in Alicante.
Description
The building has a total area of 2,200 m².
Tht annual income is 174,000 €.
The yield is 7%.
Lease agreements are concluded for a period of 15/20 years.
The brokerage fee is 5%.
Most of the costs, including property tax, are borne by the tenants.
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.