- Barcelona Office 370,000 €
- Basic parameters
- Photo
№ 1,809,913
Office in the center of Barcelona, Spain
370,000 €
- Total area —
- Yield 5.1%
- Lease term 2029
- Constructed —
Key project parameters
- Leasable area
- 112 m²
- Floor
- 1
Project description
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.
Tenants
- Agreement
- Yes
- End of lease
- 2029
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.
Financial performance
- Yield
- 5.1%
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.
Transaction costs
Brokerage fee is 5%.
Location and nearby infrastructure
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.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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