Commercial real estate for sale in Barcelona 140m²

For sale: Prime commercial real estate in the heart of Barcelona, boasting a spacious area of 140 m². This exceptional property is strategically located just 150 meters from the iconic La Rambla boulevard, which attracts over 70 million visitors annually, including 20% tourists. The property is also in close proximity to the world-renowned La Boqueria market, drawing thousands of local residents and international visitors daily. Moreover, it is situated near one of Barcelona's main attractions, the Cathedral, in a bustling commercial zone surrounded by restaurants, cafes, banks, boutiques, hotels, theaters, concert halls, and several prominent museums. The vibrant atmosphere is further enhanced by its proximity to the waterfront and the city’s main transportation hub, Plaza Catalunya, all within a 10-minute walking distance.

Currently leased to a leather goods shop, the property features a long-term rental contract set for 10 years from February 2024, ensuring a solid monthly income of €5,500, translating to a reliable yield of 6%. Notably, the lease includes a clause for rental increase to €6,000 beginning March 2025, which will elevate the yield to 6.55%. This attractive return on investment is quite rare for properties of this caliber. The premises, located on the first floor of a historic building constructed in 1910, features a prominent 4-meter facade. A total renovation led by the tenant is scheduled to start on March 9, 2024. Priced at €1,100,000, this offering not only promises a stable income in euros but also provides an opportunity for investor residency permits. This is an ideal investment for those looking to enter the thriving Barcelona real estate market.