Office in L'Eixample, Barcelona, Spain 697 sq.m. No. 151881

A commercial property for sale with a reliable tenant in the centre of Barcelona.

Environment:
residential area of a respectable central district with a developed infrastructure: chain supermarkets, bank branches, pharmacies, gyms, cinema, public transport stops;Avenida Roma is one of the key avenues in Barcelona;Hospital Clinic;Mercat del Ninot, a large market.
The property is leased to an insurance company of a large Spanish chain.

Lease conditions:
Agreement signed: December 2013;Length of lease: 15 years;Binding performance: 15 years;Agreement includes a clause to extend the lease for another 10 years on a 5+5 system if both parties decide to continue co-operation;Rent price: 12.640,88€/month;
IBI tax and comunidad costs are to be paid by the tenant.
Therefore, the net yield is 6,39%, which is noticeably higher than the average.

The property with a total area of 697m2 is located in a multi-storey residential building and occupies 2 floors:
first floor: 215m2;second floor: 482m2.
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