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Investment opportunity to purchase a residential building in the Salamanca quarter, Madrid. It consists of a building whose total built area is 3,294.72 m2 and it has 8 floors ( -1 + ground floor + 6 more floors ). These floors contain living flats as well as business offices. Besides, 1,162.20 m2 are used as garage.
This building is unique, has been renovated and its historic and artistic value is very high. It is well decorated and its equipment is of high quality. Currently, the building is used for rent. 24 fully equipped flats are rented, offering the highest quality, design and comfort.
The current tenant has a 10 years leasing contract, with a 3 years mandatory compliance.
The building’s current gross income, with 85% of current occupation, is 930,400 €/year