Restaurant with a long-term lease agreement, Barcelona, Spain

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Restaurant with a long-term lease agreement, Barcelona, Spain

1,500,000 €
11,538 € /m²
£1,287,000
£9,900 /m²
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  • Total area
    130 m²
  • Yield
    4.8%
Details
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%

Restaurant in the Gothic Quarter.

Description

Commercial space is located in the tourist area near the Citadel Park.

A reliable tenant is a restaurant that has been operating here for over 10 years. The restaurant has a C-3 license.

Financial performance

The current yield is 4.8%.

Tenants

The lease agreement is valid for 9 years.

Location and nearby infrastructure

The property is located in the Gothic Quarter, the central and oldest part of the Old Town of Barcelona. The Gothic Quarter is one of the main sights of Barcelona, a place attracting tourists from all over the world. It starts from Plaza Catalunya and extends from La Rambla to Via Laetana Avenue.

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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