Shop 229 m² in Palma, Spain

Commercial premises for sale with a tenant in a prestigious residential area of ​​Barcelona.

Environment:

• Residential area
• Several prestigious educational institutions, including one of the best schools in the city - Colegio Jesus Maria de Sant Gervasi
• infrastructure of a developed residential area, including chain restaurants, supermarkets and shops
• green areas, including Tamarita Gardens and Turo-Putchet Park

Such the location guarantees high traffic volumes near the premises at any time of the year.

The property is leased as a home goods store. The previous lease for 10+1 years expired in September 2023. A new lease agreement for a period of 5 years will be signed in October 2023 with mandatory execution until October 2024. The rental price is 3.600€ / month, thanks to which the yield exceeds 5.5%.

The premises with a total area of ​​229 m2 are located on the first floor of a residential building and are equipped with a bright facade. The price also includes parking for 2 spaces in the same building.