Ref.: PR99559380
Commercial property with profitability in the vibrant Lavapiés-Embajadores neighborhood, just steps from Plaza de Cascorro and Tirso de Molina.
Currently leased to a company operating it as a hostel, with a rental agreement in place until 2032, ensuring stable medium- and long-term income.
The contract includes a progressive rent increase, with an estimated return reaching 5.2% over the course of the lease, based on the listed sale price.
A prime location with high foot traffic, excellent connectivity, and surrounded by cultural and commercial activity. Lavapiés-Embajadores is one of Madrid's most up-and-coming neighborhoods, highly sought after by both residents and tourists. Known for its diversity, artistic vibe, and proximity to iconic landmarks such as the Reina Sofía Museum, El Rastro, Plaza Mayor, and Madrid de los Austrias, this area is an ideal choice for investing in income-generating properties.