Premises in Barcelona-Barri Gòtic

COMMERCIAL PREMISES IN PROFITABILITY IN PLAZA GEORGE ORWELL

Investment opportunity in the prime area of ​​Ciutat Vella with high yield (7%). Joint rent of  10,400€/month ( 124,800€/year). Surface of 503m2 (441m2 ground floor and 62m2 loft) divided into two units. It has access by two streets, Carrer Escudellers (Plaza George Orwell) and Carrer Còdols. Located in the center of Barcelona between Las Ramblas and Via Laietana, in the most touristic area of ​​the city. It has smoke outlet (for a restaurant kitchen's).

The rehabilitation of common areas and façade is being carried out and is the responsibility of the owner of the flats. The interior reform of the premises will be in charge of the new tenants. It is exempt from costs of rehabilitation of common areas and facades, expenses for maintenance and cleaning of common areas and expenses for installation and maintenance of the lift. The expenses of IBI (Property Tax) of 2740€/year.

Rental situation:

Unit 1:

- Retail trade tenant (smoker's articles).

- Expected date of delivery of keys: 05/31/2018. Duration of the contract of 10-year with 3 years of mandatory compliance.

- Monthly rent: 6,900€ 

- Guarantee: 2 months deposit + 3 months of additional guarantee.

- Lack of 3 months rent from the delivery of keys.

Unit 2:

- Retail trade tenant (Bazaar retail sale).

- Expected date of delivery of keys: 05/31/2018. Duration of the contract 10-year with 3 years of mandatory compliance.

- Monthly rent:  3,500€

- Guarantee: 2 months deposit + 3 months of additional guarantee.

- Lack of 3 months rent from the delivery of keys.

- Additional deficiency of 2 months of 50% of the rent for works of the façade.

* History of the building:

In the sixteenth century the building was built as a town house on the ground floor by a merchant who had his business and home in the same location. It was in 1769 when the building that is currently declared a Cultural Asset of Local Interest was built. Escudellers facade sgraffito are figures that represent the first owners, a good family and a military man of the time.