Retail store in Sants-Montjuic, Barcelona, Spain 173 sq.m. No. 154850

Property description

Commercial property for sale with a reliable tenant in a residential area of Barcelona.

Area:
Dense residential area;Infrastructure of a developed residential area: supermarkets, market, pharmacies, bank branches, convenience stores, many green areas, including a large neighbourhood park;Numerous educational institutions, including schools and university branches (including a branch of the main university of Catalonia - Universidad de Barcelona);Courthouse and government/municipal offices within 500 metres.
The property is leased to a supermarket of a popular chain in Barcelona. The lease is signed in July 2023 and is binding until August 2025. The rental value is 4.500€/month, resulting in a yield of over 5.74%. The contract includes a clause for an annual increase in the rental price according to the IPC (consumer price index) and an additional increase of 5% from 2031 onwards. Thus, yields are guaranteed to rise to at least 6%. Such yields are rare for premises of this calibre.