Shop 854 m² in Spain, Spain

Three-story commercial space with reliable tenants for sale in the Eixample central business district.

Environment:

• avenue Gran Via de Les Corts with many establishments and boutiques
• 8 hotels within a radius of 200 meters (including the large Axel chain)
• joan Miro Park
• the Plaza de España is one of the key attractions and, interoperably, an important transport hub in Barcelona.

The facility is leased to a plumbing equipment store of one of the largest Spanish chains. The contract is for 13 years, starting in 2021. The rental price is 4,500€/month, but from 2025 the rental price will be 4,750€/month. Thus, the yield will be exactly 6%. This level of profitability is rare for premises of this level in Barcelona. The costs of the IBI tax and the communidad are paid by the tenant.

The premises with a total area of 869m2 is located in a residential building and occupies 3 floors:

• 1st floor: 426m2;
• 2nd floor: 175m2;
• ground floor: 266m2.

The floors are connected by stairs and freight elevators.

Esquerra de l'Eixample – is one of Barcelona's most beloved areas with art galleries, elegant restaurants and boutiques.

The popularity of this area was brought by neighborhoods with beautiful residential buildings of the 19th century, as well as houses with unusual architecture, along with which Antonio Gaudi’s masterpieces are also found.

IXOS Conmasa is a chain of stores that sells plumbing and electrical equipment for highly specialized specialists and companies. The network was founded in 1966 in a small town on the Catalan coast and today has 11 points throughout the region. The business generated $25 million in revenue in 2022.