Commercial property in Barcelona, Spain, 527 m²

A building for sale, located in the heart of the famous Vila de Gracia district, bohemian and ideal for family living. Surrounded by all amenities and shops. Very close to Paseo San Joan.

* Total area: 527 m2

* Floors: Ground floor + 4

* Premises: 1 commercial premises (with the possibility of conversion into residential) + 7 apartments with balconies, galleries or terraces

* Year of construction: 1908

* Condition: Valid ITE (Building Technical Inspection) Certificate of Conformity until 2034. The common areas have been recently renovated.

Condition: Recently received the ITE (Technical Inspection of the Building) certificate of conformity until 2034. No horizontal separation

* Possibility of installing an elevator for 3-4 people

* Zoning: 12g

* Rental status: 100% leased under fixed-term contracts

* Net annual rent for 2024: 81,942 euros

* Annual expenses: 4,098 euros (property tax: 2,937 euros + staircase maintenance: 1,161 euros)

* Net return for 2024: 3.27%

* Cost of ownership: 4,269 euros/m2

* Income can be increased as current contracts expire.

The last of the current contracts expires in 2028, which will allow for full corresponding profitability.

* Annual net income in 2025: 92,372 euros (yield 3.69%)

* Annual net income in 2026: 105,790 euros (yield 4.23%)

* Annual net income in 2027: 130,416 euros (yield of 5.21%)

* Annual net income in 2028: 147,449 euros (yield of 5.89%)