Commercial space in the center of Barcelona, Spain

Additional information is provided after the signing of an NDA

Commercial space in the center of Barcelona, Spain

1,350,000 €
2,122 € /m²
£1,155,000
£1,816 /m²
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  • Total area
    636 m²
  • Yield
    4.9%
Details
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%

Commercial space with a long-term lease agreement.

Description

The property is a two-story space (lower floor is 330 m², upper floor is 306 m²) with a facade of 8 m.

Financial performance

The current yield is 4.9%.

Tenants

The tenant is a chain insurance company.

The lease agreement is valid for 13 years.

Location and nearby infrastructure

The property is located in the Eixample district, near the Tetouan square.

Eixample is a district-museum of facades of the modernist era, the pearl of all Europe. The most central part of Barcelona, ​​includes the main infrastructure of the city.

Here there is a high liquidity of real estate due to limited supply. The demand for housing among both local residents and foreigners exceeds supply by 4 times.

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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