Commercial property in Cerdanyola del Valles, Spain, 2 371 m²

Spain. Gas station in Cerdanyola del Vallès.
Leased.
Ref. No. 42281
€2,300,000
Area: 2,371 m²
Yield: 7.37%
A portfolio of three properties in Cerdanyola del Vallès, a suburb of Barcelona.
Total area: 2,371 m². Comprises a gas station, a car wash, and an office building.
The office building is situated on a 458 m² plot. This three-story building houses offices and a convenience store serving the gas station. Total building area: 508 m².
The car wash and gas station are located on a 1,978 m² plot.
Lease terms:
The gas station was leased to a well-known company in 2006 for a 12-year term. Minimum rent is €120,000 per year. In recent years, the rent has risen to €132,000 per year, as it is linked to sales volume.
The car wash has been leased since 2014 for a 10-year term. Annual rent: €16,100.
The office building has been leased since 2017 for a 5-year term with an option to renew. Annual rent: €21,305.
Yield: 7.37%
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