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Commercial premises for sale on one of the main streets of Barcelona - Arago, just two blocks from Paseo de Gracia. Near the municipality, where there is always a large flow of visitors.
Environment:
The commercial premises were leased to the network of national supermarkets. The rent is now 8,500 €/month. The tenant (El Corte Ingles) is interested in signing a long-term contract (at least 10 years). Therefore, when concluding a long-term contract, he is ready to increase the rent in the range of 10 to 12 thousand euros. In the calculation of profitability, a new price (11000) is used, which will be entered into the preliminary contract (ARRAS) as one of the terms of the transaction.
Important: the premises have a license that allows the store to work around the clock!
Parking is now rented for 8,500 euros. The amounts are distributed as follows:
You can significantly increase profitability if you involve a management company for parking. In this case, it will be possible to increase the amount of daily traffic per hour from 2000 to at least 6000-7000 per month. At the same time, the management company will keep 15-20% of the profit. Then the premises will generate a minimum of 13,000 euros (5,500+6,500+1000), of which 2,000 will be taken by the Criminal Code and 11,000 euros remain to the owner. In practice, there should be much more, since in addition to the store itself, there is a city hall department for working with citizens nearby.
The total annual rental of the store and parking under the new contract will be 22,000 euros per month or 264,000 euros per year (now 204,000).
The area of both objects is 2039 m2, of which:
965 m2 - parking
1074 m2 - supermarket
