Commercial space with a long-term lease agreement on the first floor.
Description
Commercial space of 112 m² at street level. The space is leased as an office.
The absolute annual income is 18,870 €.
The current yield is 5,1% (first 5 years).
Rent until July 2019 — 1500 € + VAT.
Rent from July to September 2019 — 1700 € + VAT.
Rent from October 2019 — 1800 € + VAT.
This form of payment was chosen because of large repairs and investments that the tenant makes for the start of his activities.
It is planned to increase the cost of rent by 5% + CPI in 5 years.
The tenant is a company with experience of more than 25 years in the field of repairs and interior design.
The lease agreement is valid until 2029.
Brokerage fee is 5%.
The property is located in the center of Barcelona, in the prestigious Eixample district.
Barcelona is the capital of the autonomous region of Catalonia and the province of Barcelona.
The population of Barcelona exceeds 1.6 million people (2nd city in Spain in terms of population after Madrid and 10th in the European Union).
Barcelona is the largest industrial and commercial center of Spain.
Auto assembly plants of the Spanish company SEAT (Volkswagen group) and foreign manufacturers (Renault, Peugeot, Ford) are located in the city.