Shop 1 595 m² in Barcelona, Spain

Commercial premises for sale with a reliable tenant in the central area of ​​​​Barcelona.

Environment:

• residential area of ​​the central area
• 8 hotels within a radius of 200 meters (including the large Catalonia network)
• Park Joan Miró
• Plaza di Spagna is one of the key attractions and, in terms of compatibility, an important transport hub of Barcelona.

The property is leased for a grocery store of one of the largest chains in Catalonia. The agreement was signed in July 2023 for a period of 20 years. The mandatory execution period is 3 years. The rental price is calculated as follows:

• 1st year: 9.300€ / month (yield 4.65%);
• 2nd year: 9.625€ / month ( yield 4.81%);
• 3rd year: 9.963€ / month (5% yield);
• 4th year: increase according to the consumer price index;
• 10th year: increase +3% of rent;
• 15th year: increase of +3% of rent.

Thus, an increase in profitability is possible up to 5.5%, which is an excellent indicator for premises of this level .

The premises with a total area of ​​1,595 m2 occupies three floors of a high-rise residential building. The main area is distributed on the first (648m2) and second (898m2) floors, and the third (49m2) is reserved for storage space. The property is equipped with 4 windows, which are clearly visible from the street.

The tenant invested more than 1 million euros in a major renovation of the premises.