Commercial space in Les Corts, Barcelona, Catalonia, Spain

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Commercial space in Les Corts, Barcelona, Catalonia, Spain

385,000 €
£329,000
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  • Yield
    5.0%
  • Rental rate (m²/month)
    13 €
  • Built in 
    1928
Details
Property parameters
  • Leasable area: 120 m²
Financial performance
  • Annual income: 19,000 €
Tenants
  • Fully let
  • End of lease: 2031
Transaction costs
  • Broker: 5.0%

Art gallery in Barcelona.

Description

Commercial space with an area of 120 m².

Financial performance

The annual income is 19,000 € (indexation from December 2023).

The yield is 5%.

Tenants

The property is fully let. The tenant is an art gallery.

The lease agreement is concluded until 2031.

Transaction costs

The brokerage fee is 5%.

Location and nearby infrastructure

The property is located in one of the best areas of Barcelona — Les Corts, in close proximity to the prestigious shopping center L'illa.

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.

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