Licensed Tourist Apartment Portfolio In Madrid For Sale

Property Information

Real Estate:

Real Property Included

Location:

The apartments are situated within Madrid's M-30 ring road, providing a central urban location with convenient access to the city's Metro network.

Public transport connections provide access to major tourism, business and entertainment destinations, including Gran Vía, central Madrid, Santiago Bernabéu Stadium and Madrid-Barajas Airport.

The location also offers connections to the Formula 1 Spanish Grand Prix circuit, creating opportunities to attract visitors attending major international events.

The portfolio's position within Madrid makes it suitable for serving leisure travellers, business visitors and guests attending sporting and cultural events.

Premises Details:

The freehold portfolio comprises fully furnished and equipped tourist apartments, offered together as a single investment.

Presented in excellent condition, each apartment features a separate bedroom, living area with sofa bed, heating, air conditioning, television, contemporary furnishings and complete household equipment.

The apartments hold municipal tourist accommodation licences granted by Madrid City Council following approval of the relevant planning project, with independent access in accordance with the applicable authorisation requirements.

The portfolio has several years of established operating history, with financial and licensing documentation available to qualified purchasers.

Planning Consent:

The apartments benefit from municipal tourist accommodation licences granted by Madrid City Council following approval of the relevant planning project.

The approved arrangements include independent access in accordance with the applicable authorisation requirements.

Supporting municipal licensing and planning documentation is available for inspection by qualified purchasers.

Business Operation

Expansion Potential:

The portfolio offers flexibility to evaluate different hospitality operating arrangements.

The existing rental agreement generates a contractual annual yield of 7% based on the asking price.

Alternatively, an arrangement with a specialist hospitality operator may provide an estimated annual return of approximately 10%, subject to actual operating performance and without any guarantee of achieving that return.

Purchasers can assess the established contractual income alongside alternative management strategies to determine their preferred investment approach.

Competition / Market:

A distinguishing feature of this Madrid tourist accommodation portfolio is its existing municipal tourist accommodation licences.

The licences were granted following approval of the relevant planning project and form part of a limited group of approximately 1,100 municipal authorisations issued through that approval process.

Combined with the apartments' established operating history, fully equipped accommodation and location within the M-30 ring road, these authorisations distinguish the investment from unlicensed accommodation opportunities.