Retail store in Ciutat Vella, Barcelona, Spain 130 sq.m. No. 154855

Property description

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

The property is strategically located:
in an active commercial area of the Old Town, where famous brands such as Zara, Mango, Tous, Decathlon and others are present;300 metres from Plaza Catalunya, a key landmark of the city and at the same time the main transport hub of Barcelona;300 metres from La Rambla, which attracts over 70.in the heart of Barcelona's Gothic Quarter, which attracts tourists from all over the world;5 minutes from Barcelona Cathedral.
This location unprecedentedly guarantees high footfall and successful trading for any business. 

The property is leased to a fashionable clothing brand. The lease is signed in October 2022 and runs for 15 years. Mandatory performance period: 2 years. The rental value is 6.500€ / month, but from October 2024 the price will be increased to 7.000€ / month. Thus, the yield reaches 4.94%.

The 130m2 property is located on the ground floor of a historic building and is equipped with a striking 4 metre long façade and glass windows that make the property visible and prominent.