New commercial building, Alicante, Spain

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New commercial building, Alicante, Spain

3,500,000 €
360 € /m²
£3,010,000
£310 /m²
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  • Total area
    9,700 m²
  • Yield
    5.8%
Details
Financial performance
  • Annual income: 203,000 €
Tenants
  • End of lease: 2036
Transaction costs
  • Broker: 5.0%

New commercial building in Alicante.

Description

A four-storey building with a total area of 9,700 m²:

  • −1 floor (2,425 m²): parking
  • −2 floor (2,425 m²): parking
  • 1 floor (2,430 m²): supermarket
  • 2 floor (2,420 m²): tenant free

It is possible to purchase only premises with a supermarket on the 1st floor of the building.

Financial performance

The current annual income is 203,000 €.

The current yield is 5.8%.

A significant increase in rental income is possible due to the lease of the 2nd floor of the building.

Tenants

The tenant of the first floor (2,430 m²) is a Spanish supermarket chain with almost 700 stores.

The lease agreement is valid until 2036.

Transaction costs

The brokerage fee is 5%.

Location and nearby infrastructure

The property is located in the center of Alicante, Valencia Autonomous Community.

The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community. It is located along the Mediterranean coast on the east side of the Iberian peninsula. The population is about 5 million people.

In addition to tourism, the Valencian Country has significant exports, and it ranks second in this respect among the Spanish autonomous communities, constituting 12% of the national total.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Alicante.

All ads in the country: shopping centers for sale in Spain.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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