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The Tax Authorities Auction Off 40,000 m2 of Office Space in Madrid at a Discount

The lot comprises office space spanning around 40,000 square metres, about 400 parking spaces, a commercial premise spanning almost 1,500 square metres and storage rooms. The asking price has been decreased by 10 million euros to 185 million euros.

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The Tax Authorities auction offices in Madrid, located on Calle María de Molina.

Compared to the 196 million euros that the Tax Authorities had hoped to achieve from this sale a year ago, it would now accept a discount of 5%; according to reports from El Confidencial, the starting price for the auction will be 10 million euros less at 185 million euros.

The assets are being auctioned in a single lot, and are located between Calles María de Molina, Núñez de Balboa, General Oraà and Castelló, very close to Paseo de la Castellana. One floor of the office tower is currently occupied by the Tax Authorities and the rest are empty, although there are also some homes in the block along with some commercial premises.

Read the full article in Spanish.

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