Shop 5 400 m² in Barcelona, Spain

Commercial premises with a reliable tenant in a densely populated residential area of ​​Barcelona.

Surroundings:

• dense residential development;
• developed infrastructure of a residential area with many commercial premises, chain supermarkets, bank branches, pharmacies and establishments;
• several green areas, including the central Nou Barris park and the large Turó de la Peira park;
• public transport stops, including the metro.

The property is leased as a supermarket to one of the largest national chains. The lease agreement was signed in 2018 with mandatory execution until 2028. Lease term: 30 years. The rental price is €45,000 / month, due to which the yield exceeds 5.68%.

The two-storey premises with a total area of ​​5,400 m2 are located in a new residential complex. The area is distributed as follows:

• ground floor: 3,200 m2;
• basement: 2,200 m2.

The tenant invested 7,000,000 euros in the integral improvement of the property, including renovation.