Building for sale with a 7.7% ROI - Malaga
The building is one of the 3 sub-units in which the main building is divided, located in the Technology Park of Malaga, Andalusia.
It consists of 2 floors with a total constructed area of 1,739.09 m², of which 769.09 m² and 970.00 m² correspond to the First Floor.
In addition, it has an exterior area of 922.13 m² for exclusive use as parking and garden area.
The main building was completed in 2008.
The building, as well as the garden and parking area, is rented to a private company dedicated to teaching for professional training of different branches.
It has a contract that began in January of 2009 and ends in December of 2019, extendable by mutual agreement*
*Renewal of contract already signed beginning from January 2020
The annual income from the rental is 139,620 Euros (plus VAT) that are adjusted annually to the I.P.C.
(As of 2,020 the annual income increases by 10%: 153,620, 00 Euros)
The sale price is 2,000,000 Euros.
The annual return is 7.7%
The annual IBI is approx. 1,200 Euros (owner pays)
The annual community is 1,400 Euros (the tenant pays)
- Commercial Area
- Close To Shops
- Condition: Excellent
- Climate Control: Air Conditioning