Commercial property in Horta-Guinardó, Barcelona

2-star hotel next to Sagrada Familia and Sant Pau Hospital, two modernist landmarks welcoming millions of tourists every year. Surrounded by all kinds of shops, restaurants and cafés thanks to its proximity to Gaudí Avenue. Very well connected to the rest of Barcelona via public transport, close to the Sant Pau — Dos de Maig metro station.

Built-up area: 868 sq.m. Year built: 1991. Status: fully renovated with a new lease. Floors: 5. Rooms: 29. Rooftop terrace with solarium. Price per room: €258,620/room.

There is a „turnkey“ project option (fully equipped) with a lease agreement.

Turnkey project.

Contract type: industrial lease agreement.

Contract start: expected to begin in 2024.

Contract duration: 20 years.

Mandatory compliance period: 10 years.

Grace period: 4 months.

Guarantees: 4 months’ fixed income as a bank guarantee + 1 year’s fixed income as a corporate guarantee.

Services: the owner is responsible for repairs and maintenance of the property, including structural and external elements, and for replacing equipment due to end of service life or defects not caused by lack of maintenance or improper use. The tenant will be responsible for regular maintenance of the building’s interior.

Gross yield:

Year 1: 6.57%

Year 2: 6.68%

Year 3: 6.80%

Year 4: 6.92%

Year 5: 7.03%