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Calle De Carlos Arniches, 25

624 SF Retail Condo Unit Offered at $411,661 CAD in 28005 Madrid

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Investment Highlights

Profitable sales
Located in the heart of Madrid's Rastro
Excellent communications by public transport

Renovated commercial space
Current use of hairdressing

Property Facts

Price	$411,661 CAD	Sale Type	Investment or Owner User
Unit Size	624 SF	Building Class	C
No. Units	1	Floors	5
Total Building Size	15,888 SF	Typical Floor Size	3,178 SF
Property Type	Multifamily (Condo)	Year Built	1920
Property Subtype	Apartment	Lot Size	0.09 AC

Price	$411,661 CAD
Unit Size	624 SF
No. Units	1
Total Building Size	15,888 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment or Owner User
Building Class	C
Floors	5
Typical Floor Size	3,178 SF
Year Built	1920
Lot Size	0.09 AC

1 Unit Available

Unit Puerta DR

Unit Size	624 SF	Condo Use	Retail
Price	$411,661 CAD	Sale Type	Investment or Owner User
Price Per SF	$659.71 CAD

Unit Size	624 SF
Price	$411,661 CAD
Price Per SF	$659.71 CAD
Condo Use	Retail
Sale Type	Investment or Owner User

Description

In the heart of El Rastro in Madrid, a profitable place is being sold in perfect condition and with a recent design reform.

It is currently leased for use as a hairdresser and the rent amounts to 1,077 €/month, which can be updated annually every January with the CPI corresponding to the previous year.

The current tenant is a serious professional and very solvent in her activity. The lease expires on January 1, 2025.

The place has two rooms, a bathroom and a patio for use and enjoys approximately 15 m2 in addition to the 58 m2 of surface area of the premises.

The place is located on Carlos Arniches street, parallel to Ribera de Curtidores street, one of the main arteries of the Madrid Rastro. It also has two entrances, one direct from the street (the place is located at street level) and the other from inside the building portal through which the rest of the neighbors access their homes.

On Sundays there is a traffic of approximately 30,000 people. It has mains water (hot and cold), electricity, air conditioning and heating services.

Excellent opportunity for investors looking for profitable premises. The premises, having access from the portal and from the street, could be used as a house or tourist apartment.

Direct sale owner. Real estate agencies are requested to refrain from contacting.