Commercial property in Barcelona, Spain, 2 000 m²

Hotel under construction on a turnkey basis - 44 rooms in Hospitalet de Llobregat

Total area: about 2000 m²

License: in the process of obtaining (application is in the process of submission)

Type of delivery: turnkey

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Possibility of management (optional)

Possibility of involving a proven hotel operator, guaranteeing stable and professional work.

Financial conditions (managed by the operator)

Guaranteed profitability: 6%

Contract duration: 20 years (final terms to be determined during due diligence)

Rent: EUR 39,500 + VAT per month (EUR 474,000 + VAT per year)

Deposit: equivalent to one year's rent (EUR 474,000)

Payment method: single annual payment payable from 10 to 20 January

Down payment: advance for the first year of rent

Property tax (IBI): paid by the tenant