Commercial property in Eixample, Barcelona

Commercial premises in the Eixample district, near the Arc de Triomf and Estació del Nord station. Residential area with high tourist traffic, equipped with all services. The premises are currently rented to a well-known pizza chain with 12 restaurants in Madrid, 1 in Valencia and 3 in Barcelona (2 of which are under development), which continues its expansion in Spain’s major cities. It has a smoke extraction chimney, a bar-restaurant license and a terrace license with capacity for 10 tables.

• Contract start: August 25, 2021

• Duration: 20 years

• Mandatory term: 5 years

• Rent: €9,000/month

• Maintenance costs: tenant’s responsibility

• Property tax: €1,276.35/year, owner’s responsibility

• Guarantees: €16,000 statutory deposit plus €32,000 bank guarantee

• Yield: 4.1% net

• Business license: The tenant is required to transfer the license in favor of the property at the end of the contract