Building with tourist apartments in Madrid.
Description
The building with a total area of about 2,000 m² includes 25 apartments.
Major renovation of the property was carried out in 2019.
The projected yield is 4.5%.
There is a potential operator (contract term — 20–30 years).
The brokerage fee is 4%.
The property is located in Madrid.
Madrid is the capital and most populous city of Spain. The city has almost 3.3 million inhabitants and a metropolitan area population of approximately 6.5 million. It is the second-largest city in the European Union.
Madrid is the 5th most important leading Centre of Commerce in Europe (after London, Paris, Frankfurt and Amsterdam) and ranks 11th in the world.
Madrid-Barajas International Airport is the largest in Spain; it serves about 45 million passengers annually.