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Paseo Extremadura, 47

5,554 SF Retail Condo Unit Offered at $1,935,687 CAD in 28011 Madrid

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Investment Highlights

Excellent place with a 6% return
Continuous high traffic of pedestrians
Excellent communications by public transport
Direct sale for the property

Establishment with insured clientele
Consolidated zone
Monthly rent 7,000 #. Minimum expenses (community and IBI)

Property Facts

Price	$1,935,687 CAD	Sale Type	Investment or Owner User
Unit Size	5,554 SF	Building Class	C
No. Units	1	Floors	5
Total Building Size	17,825 SF	Typical Floor Size	3,565 SF
Property Type	Multifamily (Condo)	Year Built	1930
Property Subtype	Apartment	Lot Size	0.11 AC

Price	$1,935,687 CAD
Unit Size	5,554 SF
No. Units	1
Total Building Size	17,825 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment or Owner User
Building Class	C
Floors	5
Typical Floor Size	3,565 SF
Year Built	1930
Lot Size	0.11 AC

1 Unit Available

Unit Puerta 01

Unit Size	5,554 SF	Condo Use	Retail
Price	$1,935,687 CAD	Sale Type	Investment or Owner User
Price Per SF	$348.52 CAD

Unit Size	5,554 SF
Price	$1,935,687 CAD
Price Per SF	$348.52 CAD
Condo Use	Retail
Sale Type	Investment or Owner User

Description

Profitable local for sale located in Puerta del Angel.
The place has 2 floors. At street level, it has 415 m2 and in the basement it has 71.61 m2. It is located on Paseo de Extremadura 47.
Currently rented to Eroski, it is being sold for profit.
Rent established up to the year 2,037. The tenant is happy with the business he develops, there is no problem transferring references to the potential buyer. The premises are completely renovated, with a free height on the street level of almost 3 meters and has relevant authorizations for the development of commercial activities, as well as community ones for smoke exhaust, and AA.CC services on the roof of the building.

The sale also includes currently unused space of approximately 30 m2, at the first floor level with ventilation and lighting (windows to the interior patio).
Net return on expenses of 6%.

Monthly rent €7,000. Minimum expenses (community and IBI)
Net return on expenses of 6%
A good place, well located, with a good tenant and good profitability.
Direct sale for the property.