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Warehouses of 22,448 m2 with tenant in Castellon

Castellón de la Plana, Castellón, Spain For Sale
ID: 13256
Total AreaTotal Area: 22.448 m2
Plot sizePlot size: 30.178 m2
RentabilityRentability: 7.5
Build YearBuild Year: 2004
Performance certificatePerformance certificate

The price does not include professional fees

8.081.280 €
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Description
Extra Features

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.