Commercial real estate for sale in Valencia (center) 4m²

Commercial space in Valencia A large commercial space is offered for sale in a fairly new building with a total area of more than 4,000 sq. m. and a massive street facade. The completely renovated premises are located on the ground floor of a residential building and on a total area of 4,000 sq. m. There is a warehouse, a supermarket and parking for customers. The current tenant of the premises is the Spanish supermarket chain Vidal (Grupo Vidal), one of the recognized leaders in the food business in Spain. The tenant has a long-term lease contract until 2022 with the possibility of extension and an obligation to stay. Based on calculations of an annual rent of 8,500 € + VAT per month, the profitability of this real estate transaction is 7% per annum. The tenant also pays the annual municipal property tax. This tenant has been in this premises since the construction of the building, for more than 18 years. The proposed premises are located in a quiet residential area of the city of Valencia with developed infrastructure. This offer is a unique option for a profitable investment in profitable real estate in Valencia.