The building was built in 2018 and was immediately leased. The property is located next to the transport artery of Alicante with intense traffic — pedestrian and automobile, which provides the restaurant with a stable income.
Foreign owners of residential and commercial real estate in Spain worth more than 500,000 euros can apply for a Golden Visa. In Spain, unlike other European countries, a residence permit under the Golden Visa program can be issued on a Russian passport. Moreover, the province of Alicante is the most loyal region of Spain in working with Russian passports.
The lease contract was signed in 2018 for 30 years with one of the largest international fast food chains, the second most popular in the world. Rental income per year is 87,975 euros, net yield is 5.9% per annum.
Leased to a large fast food restaurant chain.
End of lease: 2048
The number of foreign tourist arrivals on the Costa Blanca was a record in 2023, exceeding the pre-pandemic level of 2019 by 7%. The basis of foreign tourist demand is citizens of European countries: Great Britain, the Netherlands, Germany, Italy, Ireland, Poland and France. Also active visitors to Alicante are tourists from other regions of Spain.
