Restaurant 392 m² in Lower Empordà, Spain

For sale is a two-storey corner commercial space with a tenant in a residential area of ​​Barcelona.

Surroundings:

• dense residential area;
• developed infrastructure, both for living and for business activity, where the main chain supermarkets, bank branches, a gym and establishments for every taste and budget are presented;
• 7 hotels within a radius of 300 meters.

The property is leased for a restaurant of Argentine cuisine. The lease agreement was signed in February 2023 with mandatory execution until 2026. Lease duration: 20 years. The rental price will be:

• until February 2025: 8,500€ / month;
• from February 2025: 9,000€ / month;
• from February 2027: annual rental price increase according to the IPC (consumer price index);
• from February 2033: additional increase of +5%;
• from February 2038: additional increase of +5%.

Thus, an increase in profitability from 5.1% to 6% is guaranteed. IBI and community tax costs are paid by the tenant.

The corner premises with a total area of ​​392m2 are located in a historic residential building and feature a striking 10-meter-long façade and glass display windows on both sides of the building. The ground and main floor occupies an area of ​​335m2 and the first floor 56m2.

C3 license for full-fledged restaurant operations is included in the price.