Commercial property 807 m² in Spain, Spain

Commercial premises for sale in the central business district of Barcelona.

Environment:

• Tetouan Square;
• Gran Via Avenue, where there are many commercial premises, branches of the largest banks and chain supermarkets;
• The Arc de Triomphe is one of the key attractions of the city;
• San Joan Boulevard is one of the main streets of the city, where there are establishments for every taste and budget

The property is leased for an educational institution. The lease agreement was signed in 2005, but in February 2024 the agreement was renewed for 10 years with a mandatory period of 3 years. The rental price is 9.500€ / month, resulting in a yield of 5.73%. The agreement provides for a mandatory increase in the rental price on the following terms:

• from February 2025, the rental price will be 10,000 € / month;
• from February 2026, the rental price will be 10,500 € / month

Thus, a guaranteed increase in profitability from 5.73% to 6.33%. This level of profitability is extremely rare for premises of this level, which makes the offer unique.

The premises with a total area of ​​807 m2 are located on the ground floor of a historic residential building and are equipped with a bright façade over 12 meters long, as well as glass display cases, which are perfectly visible from both the pedestrian and roadways of the street.