Property Detail

Shopping Centre in the Province of Alicante for Sale, 15-20 Year Lease Agreements

Shopping Centre in the Province of Alicante for Sale, 15-20 Year Lease Agreements

Property type: shopping centre
Purchase of established rental business

Location: the Province of Alicante, Spain
• the property is located in a town with a population of more than 20,000
• set in a high traffic area

Construction year: 1980

Building size: ca. 2,200 m2
Land size: ca. 5,300 m2

Tenants: furniture stores, etc.

Triple Net Lease (NNN lease):
tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Terms of Lease Agreements: 15-20 years
Possibility of renewal: YES
Rent Review: YES

Purchase price: 2,500,000 EUR
(+ closing costs)

Rental Income: 174,000 EUR per annum
(+ indexation linked to inflation)

Yield: 7.0%

Property Contact

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http://www.brantstone.com/property/commercial-real-estate-for-sale-in-alicante-spain-07023670 07023670 Shopping Centre in the Province of Alicante for Sale, 15-20 Year Lease Agreements