Newly built nursing home in the suburbs of Barcelona

Additional information is provided after the signing of an NDA

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Newly built nursing home in the suburbs of Barcelona

14,500,000 €
1,603 € /m²
£12,439,000
£1,375 /m²
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  • Total area
    9,042 m²
  • Yield
    6.0%
  • Built in 
    2016
Details
Financial performance
  • Annual income: 874,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 1.5%

It is a brand new investment consting of nursing home and commercial unit.

Description

The total building area is 9,042 m², of which:

  • Nursing home — 6,071 m²;
  • Supermarket — 2,971 m².

The property is brand new, constructed in 2016. Supermarket will be opened at the end of 2016 and nursing home in the middle of 2017.

There is a parking area of 2,419 m².

The property is fully leased out to two tenants.

Additional information is provided only after the Letter of Intent.

Financial performance

Absolute income is 874,000 €.

The yield of 6%.

Broker's fee of 1,5%.

Tenants

Tenant of the retail unit is Mercadona, the hugest Spanish supermarket chain with almost a 50-year history.

Mercadona includes more than 1,500 branches throughout Spain.

The company employs about 74,000 employees. The maket share of 14,4%.

The lease agreement is signed for 30 years until 2046, non-terminable for 10 years.

Tenant of the nursing home is a major insurance company.

The lease agreement is signed for 25 years until 2042, non-terminable for 10 years.

More properties

If this ad doesn't suit you, have a look at the other retirement homes for sale in Barcelona.

All ads in the country: retirement homes for sale in Spain.

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