Multi-level parking, Madrid, Spain

Additional information is provided after the signing of an NDA

Multi-level parking, Madrid, Spain

5,500,000 €
2,391 € /m²
£4,699,000
£2,043 /m²
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  • Total area
    2,300 m²
  • Yield
    5.0%
Details
Property parameters
  • Number of parking lots: 160
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%

Description

The property with an area of about 2,300 m² consists of 160 parking spaces.

Financial performance

The expected yield is 5%.

Tenants

The new tenancy contract has been concluded for a term of more than 20 years.

Transaction costs

The brokerage fee is 5%.

Location and nearby infrastructure

The property is located in Madrid.

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.

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