Commercial property 868 m² in Barcelones, Spain

2-star hotel next to the Sagrada Familia and Sant Pau Hospital, two modernist monuments that welcome millions of tourists every year.

Surrounded by all kinds of businesses, restaurants and cafes thanks to its proximity to Avenue Gaudí.

Very well connected to the rest of Barcelona by public transport, close to the Sant Pau metro station –DosdeMaig.

•Build-up area:868m².
•Year of construction:1991 .
•Status: complex renovation rental.
•Floors: 5
•Rooms: 29
•Terrace with solarium on the roof
•Price number: 258620 euros/room.

•There is a turnkey project option (fully equipped) with a lease agreement .
•Turnkey project
•Contract type: industrial lease agreement.
•Commencement of contract: expected to begin in 2024.
•Contract duration: 20 years.
•Mandatory compliance: 10 years.
•Grace period: 4 months
•Guarantees: 4 months of fixed income as a bank guarantee + 1 year of fixed income as a corporate guarantee.

Fixed rent:
•Year 1: 493,000 euros (year) - 17,000 euros per person per year
• Year 2: 501,700 euros (year) – 17,300 euros per year.
• Year 3: 510,400 euros (year) – 17,600 euros per year.
• Year 4: 519,100 euro (year) – 17900 euros room per year.
•Year 5: 527800 euros (year) – 18200 euros room per year.

Maintenance:
•The owner is responsible for repairs and maintenance of the hotel, including structural and external elements, as well as for replacement of equipment due to end of life or defects unrelated to lack of maintenance or improper use.
•The Tenant will be responsible for regular maintenance of the interior of the building.

•Gross profitability:
•Year1:6.57%
•Year2:6.68%
•Tod3:6.80%
•Year4:6.92%
•Year5: 7.03%