Commercial real estate for sale in Barcelona 140m²

Specialist. store For sale building with a tenant in the heart of the old town. The property has a strategic location: just 150 meters from the famous La Rambla, which is visited annually by more than 70,000,000 people, of which 20% are tourists, near the world famous La Boqueria market, which attracts thousands of tourists and locals every day, in close proximity to one of the main attractions - the Barcelona Cathedral, in an area of increased business activity, where there are restaurants, cafes, bank branches, shops, boutiques, as well as hotels, a theater, a concert hall and several popular museums, equidistant from the embankment and from the main transport the city's hub is Plaza Catalunya (less than 10 minutes on foot). This unprecedented location guarantees high traffic and successful trade for any business. The property is leased for a leather goods store. A lease agreement for a period of 10 years was signed in February 2024 with a mandatory period of 1 year. The rental price is 5.500 € / month, which gives a yield of 6%. The agreement provides for a clause on an increase in rental prices starting from March 2025. The cost will be 6.000€ / month. Thus, the yield will increase to 6.55%. This level of profitability is extremely rare for objects of this level. In addition, the agreement provides for a clause to extend the lease on a monthly basis after the expiration of the current agreement (in 2034), leaving the owner the right to increase the rental price by 10%. The premises with a total area of 140 m2 are located on the ground floor of a historic residential building and are equipped with a bright facade 4 meters long. At the tenant's expense, the premises will be completely renovated. The start of repair work is scheduled for March 9, 2024. The premises are being sold for €1,100,000, which will allow you not only to receive a stable income in euros, but also to obtain an investor’s residence permit.