Building with tourist apartments, in Madrid.

Total area – 2 300 sq. m. 0 floor + 5 floor. 33 fully furnished apartments with TV in each apartment and kitchen appliances + 2 commercial premises. The building is renovated. A large flow of tourists. The area of the land plot 479 sq m. The building is located in the historic center of Madrid. The cost of the object – 8 700 000 euros + Commission, in the amount of 2 % of the value of the object. Annual income – 4333 604 euros. Income can be increased by self-management. At the moment, the object is rented by a tourist operator. The term of the lease 2016 + 5 years. The contract can be terminated if the new owner wishes. The occupancy rate is 90 %. There is a tourist license. A great option for investment! The documents are ready to deal. Additional information is available upon request.