Commercial property 521 m² in Catalonia, Spain

For sale is a residential building within walking distance from the famous Park Güell.

Environment:

• residential area;
• developed infrastructure of the residential area: several large chain supermarkets within a radius of 500 meters, pharmacies, bank branches, catering establishments;
• several green areas, including Park Güell within a 10-minute walk;
• metro station 300 meters;
• one of the largest city libraries.

The building, built in 1931, has a total area of ​​521 m2, distributed between three floors. There is one apartment on each floor:

• 1st floor: 125m2 + private courtyard 84m2;
• 2nd floor: 126m2;
• 3rd floor: 126m2

The apartments are leased on the following terms:

• 1st floor: contract until 01/24/2028. Rental price 1.302 € / month;
• 2nd floor: contract until 30.11.2023. Rental price 1.377€ / month;
• 3rd floor: contract until 07/31/2025. Rental price is 1.414 € / month.

The total yield is 4.093 € / month. The rental price is currently minimal, the potential for growth is at least 30-40%.

The building has recently successfully passed an technical inspection (ITE).