Office space with a 15-year lease in the center of Gandia, Spain

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Office space with a 15-year lease in the center of Gandia, Spain

990,000 €
1,709 € /m²
£848,000
£1,464 /m²
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  • Total area
    579 m²
  • Yield
    7.7%
Details
Financial performance
  • Annual income: 76,000 €
Tenants
  • Fully let
  • End of lease: 2035
Transaction costs
  • Broker: 5.0%

Commercial space on the main street of Gandia – the second largest city in the province of Valencia, located on the Mediterranean coast.

Description

The area of the space is 579 m².

In 2020, the tenant invested more than € 400,000 in repair and refurbishment of the space.

Tenants

The space is leased to an international holding company with an annual turnover of 1.5 billion euros, with offices in 9 countries and more than 1,500 employees.

The lease agreement is valid for 15 years.

The tenant pays all expenses for the operation and maintenance of the space, including the annual property tax (IBI).

Location

Gandia is a resort in Spain, located 70 km south of Valencia, on the Costa Blanca. The population is 80,000.

Today Gandia is a developed and popular seaside resort. Not only Spaniards, but also the residents of neighboring European countries like to spend their vacation here. There are several beaches, interesting sights associated with Borgia, and the rest of the infrastructure: hotels, restaurants, bars, shops, markets, long promenades, parks.

The nearest airport to Gandia is Valencia Airport located in 75 km from the resort.

More properties

If this ad doesn't suit you, have a look at the other offices for sale in Valencia (city).

All ads in the country: offices for sale in Spain.

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    Marina Filichkina,
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