Description
The commercial premises with a total area of about 1,550 m²:
- commercial unit of 1,000 m² with a tenant (large company, doing business with the city administration) and a long-term tenancy contract;
- fitness center of 550 m² with a tenant (international chain of gyms) and a long-term tenancy contract.
Financial performance
The yield is 5.59%.
Tenants
The property is fully let. The tenants are large companies:
- Large company, doing business with Barcelona city administration. The tenancy contract was concluded in 2021 for the term of 10 years.
- International chain of gyms. The tenancy contract was concluded in 2017 for the term of 10 years with a 10-year extension option.
Transaction costs
Brokerage fee.
Location and nearby infrastructure
Barcelona is the capital of the autonomous region of Catalonia and the province of Barcelona. The population of the city 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.
