Chain shop in the center of Valencia.
Description
Commercial space of about 800 m².
The annual income is 230,000 €.
The yield is 8.2%.
The premises are fully leased. The tenant is a chain of sporting goods stores with almost 200 branches.
The lease was concluded until 2031.
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.