Commercial premises with guaranteed income in the center of Barcelona

For sale is offered a commercial property in good condition in the center of Barcelona. The premises are located in the lively Publinou area, famous for its modernist architecture. It is also the center of fashion, various events are often held here, incl. festivals. In this area there are a large number of restaurants, bars, cafes, boutiques and shops. The tenant is a well-known bakery, famous for its pastries and confectionery.

• • presence of a known tenant
  • Rent €1500 per month + taxes
  • 10-year contract with an option to extend for another 5 years
  • property tax €840.52 per year
  • condominium fee

The buyer pays only €350,000 as €150,000 is advanced to him by the developer in the form of a loan, with the condition that the developer receives rent from the property for 10 years. After 10 years, the owner can:Option 1: Use the buyback option, €350,000 refund Option 2: Sell on the market at the current rate Option 3: Keep the property for yourself