GrowmatesREAL ESTATE

Leased retail premise · Plaza Conde de Barajas

Plaza Conde de Barajas, 3 · City Centre, Madrid

Leased retail premise · Plaza Conde de Barajas

Income-producing asset next to Plaza Mayor

Price

€3,120,000

Area

353 m²

Net yield

3,96%

The asset

Corner premise with terrace

Total 353.65 m² · usable 271.76 m² (130.08 ground + 141.68 commercial basement) · 20 m corner frontage · 70.74 m² terrace (21 tables · 81 chairs) · Bar-Restaurant licence · 95-person capacity · 8h-02h hours · Smoke extraction.

The lease

Restaurant operator · lease through 2031

Start 1 Nov 2016 · 15-year term through 30 Oct 2031 (5.4 years remaining) · €124,808/year rent, annual CPI review · Operating costs paid by the tenant (IBI by the landlord) · 2-month deposit · 6-month bank guarantee · 3-month notice.

Annual costs

Cost structure

Service charges €3,112.92 (tenant) · IBI €1,133 (landlord) · Waste tax €499.94 (tenant).

Gallery

A tour through the residence

Corner premise façade with terrace — Corner façade · 20 m linear frontage and terrace

Outdoor terrace with patrons — Outdoor terrace · restaurant operator

Side view of the terrace — Side terrace · Pedestrian square

Interior with tables and wood decor — Interior · Wood decor

Bar counter and interior tables — Interior · Counter and pendant lighting

Ground floor and basement plan — Plan · Ground floor and basement

Plan of the licensed terrace — Terrace plan · 70.74 m²

Specifications

Plaza Conde de Barajas, 3 · 28005 Madrid

Address: Plaza Conde de Barajas, 3 · 28005 Madrid
Price: €3,120,000
Net annual rent: €123,675
Net yield: 3.96%
Total area: 353.65 m²
Usable: 271.76 m² (130.08 ground + 141.68 commercial basement)
Frontage: 20 m linear · corner
Terrace: 70.74 m² · 21 tables, 81 chairs
Licence: Bar-Restaurant · 95-person capacity
Operating hours: 08:00 to 02:00
Smoke extraction: Yes, operational
Tenant: Restaurant operator
Contract: 1 Nov 2016 – 30 Oct 2031 · CPI review
Years remaining: 5.4 years
Guarantees: Deposit 2 months · Bank guarantee 6 months

Location

Property area

Approximate location: indicative area

Contact

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