Restaurant in the center of Valencia.
Description
Commercial space of 489 m² on the ground floor of a new residential building.
The annual income is 65,800 €.
The yield is 5.6%.
The property is fully let. The tenant is a well-known Spanish fast food chain.
The new long-term lease agreement has been signed until 2035.
An increase in rent is envisaged from 2030.
The brokerage fee is 5%.
The property is located in the center of Valencia.
Valencia is the capital of the autonomous community of Valencia and the third-largest city in Spain after Madrid and Barcelona, surpassing 800,000 inhabitants in the municipality.
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.
