Commercial premise put into long-term lease of a large chain of gyms, in the centre of Valencia.
The total area is 2 500 sq. m. the Company has a successful 40 years experience in all European countries and successfully developing a network of such halls throughout Spain. By 2017 the group plans to increase the number of gyms to fifty.
Valencia — city in Spain, center of the Autonomous community of Valencia and the province. The third population city in Spain after Madrid and Barcelona.
Purchase price - 2 550 000 euros. The lease agreement was signed in 2012 for 30 years. The contract of compulsory execution is valid until 2022. Annual income: 2016 - 053 194 Euro; 2017 - 198 000 Euro. Rental yield: 2016 - 7,6 %; 2017 - 7.7 percent. IBI and community costs are paid by the tenant, the Documents are ready to deal. Additional information is available upon request.

Posted Nov 2, 2015

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