Commercial property 868 m² in Barcelona, Spain

A 2-star hotel next to the Sagrada Familia and Sant Pau Hospital, two modernist monuments that welcome millions of tourists each year.

Surrounded by all kinds of businesses, restaurants and cafes due to its proximity to Gaudí Avenue.

Very well connected to the rest of Barcelona by public transport, near the metro station Sant Pau – Dos de Maig.

• Constructed area: 868 m2.
• Year of construction: 1991
• Status: comprehensive renovation and new lease.
• Floors: 5
• Room: 29
• Terrace with solarium on the roof
• Room price: 258,620 euros/room

There is a turnkey project option (fully equipped) with a lease agreement.
• Turnkey project
Type of contract: Industrial lease agreement.
Start of the contract: it is expected to begin in 2024.
• Term of contract: 20 years.
• Mandatory compliance: 10 years.
• Grace period: 4 months
Guarantees: 4 months of fixed income as a bank guarantee + 1 year of fixed income as a corporate guarantee.

Fixed rent:
Year 1: 493,000 euros (year) - 17,000 euros per person per year
Year 2: 501,700 euros (year) – 17,300 euros per room per year.
Year 3: 510 400 euros (year) – 17 600 euros per room per year.
Year 4: 519,100 euros (year) – 17,900 euros per room per year.
Year 5: 527 800 euros (year) – 18 200 euros per room per year.

Maintenance:
The owner is responsible for the repair and maintenance of the hotel, including structural and external elements, as well as for the replacement of equipment due to the end of service life or defects not related to lack of maintenance or improper use.
The tenant will be responsible for regular maintenance of the interior of the building.

• Gross profitability:
Year 1: 6.57%
Year 2: 6.68%
• Ton 3: 6.80%
• Year 4: 6.92%
• Year 5: 7.03%