Two commercial spaces with long-term lease agreements, Barcelona, Spain

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Two commercial spaces with long-term lease agreements, Barcelona, Spain

3,900,000 €
6,220 € /m²
£3,345,000
£5,334 /m²
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  • Total area
    627 m²
  • Yield
    4.3%
Details
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0%

Two commercial spaces on a busy street in the center of Badalona.

Description

One of the spaces is leased to a restaurant and has two floors with a total area of 422 m².

The second space is leased to an optics store with a total area of 205 m².

Loan

The current yield is 4,3%.

Tenants

The lease agreement with the restaurant is valid for 15 years.

The lease agreement with the optics store is valid for 20 years.

Location and nearby infrastructure

The property is located in the city of Badalona, part of the province of Barcelona and of the autonomous community of Catalonia. The population is about 220 thousand people. The city is part of the agglomeration of Barcelona.

El Prat Airport is 25 kilometers away.

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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