Zona Argüelles 8,159 SF Retail Unit Offered at £1,885,950 in Moncloa - Aravaca, Madrid 28008

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INVESTMENT HIGHLIGHTS

Excellent location
Ideal for investors

Local in profitability

PROPERTY FACTS

Price	£1,885,950
Unit Size	8,159 SF
No. Units	1
Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Unit)
Sale Type	Investment or Owner User
Building Class	C
Number of Floors	6
Year Built	1940 - 1949

Bus Route

SITE AMENITIES

Close to Public Transport

1 UNIT AVAILABLE

Unit Size	8,159 SF
Price	£1,885,950
Price Per SF	£231.15
Unit Use	Retail
Sale Type	Investment or Owner User

DESCRIPTION

Excellent commercial space for sale in the neighborhood of Argüelles. Located a 3-minute walk from the Plaza de España in Madrid.
Currently, the space is for rent with a return of 6.5%, and a 10-year contract. It is a restaurant that occupies the entire ground floor of the exterior building, and the ground floor, first floor and terrace of the interior building.
The space has 758 m2 built area. There are about 328 m2 useful on the street floor, 182 m2 useful on the 1st and 2nd floors and 53 m2 useful in the basement. In addition, it has a useful terrace of about 182 m2.
It consists of a separate living room with access to the street, a bar area of 7 linear meters with high tables, a central patio, a kitchen with a cold room and a freezer, 3 dining rooms, and a basement.
The terrace is private and overlooks the central interior patio. It is fully glazed, which brings a lot of natural light to the interior of the room.
Current capacity of 91 people. Activity license since 1998. Renovated in mid-2019. Community fees: 125€/month.
Ideal for investors.