The price does not include professional fees
Two joint warehouses for sale, renovated and extended in 2006, located in the industrial area of the municipality of Burriana, in the province of Castellón.
Plot area – 30.178 m2
Total area – 22.448 m2
Warehouses rented by a company with a long history, good positioning in the market and a client portfolio made up of supermarkets and large distribution chains. Reason for sale – financing of the group’s growth and debt reduction.
15-year contract with mandatory compliance of 10 years (option to extend to 13 years).
Profitability – 7.5%, property tax is to be paid by the tenant.
Option to buy back the property by the current owner in 10 years.
Income from Rent for 10 years – €6.136.815,84
Income from Re-purchase – €9.200.000,00
Total Income – €15.336.815,84
Investment result – €7.336.815,84
Return over 10 years – 91,71%
Average profitability – 9,17%
* The photo doesn’t correspond to reality.
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