The commercial premise consists of two objects: an accessory store for smoking, the lease contract was signed in March 2017 for 10 years, the rent is 6 900 euros per month; retail store, the lease contract was signed in March 2017 for 10 years, rent – 3 500 euros per month. The total area is 503 sq.m. The area of the lower floor (planta baja) – 441 sq.m., the area of the upper floor (altillo) – 62 sq.m.
The room is located in the Rambla area, in the most tourist area of the city, with access to two streets. The area of Ciutat Vella is 437 hectares. The population of the area is 100,000 inhabitants. The population density is 771 people per hectare.
The cost of the premises is 2 000 000 euros. Great investment and location! The selling price per square meter of this room is – 3 976 euros. The average selling price of commercial premises in the area where the facility is located is 4,100 euros per sq.m. The lease term is until 2027, including 3 years of compulsory execution. The monthly rental income is 10 400 euros + VAT. The annual rental income is 124 800 euros + VAT. The gross margin is 6.24% per annum. Net profitability – 6% per annum. Expenses: IBI – 2 740 euros per year. The cost of renting a room is 20.68 euro per sq.m. per month. The rental price of commercial premises in the area where the facility is located and in immediate proximity to it currently stands at 19.10 to 21.05 euros per sq.m. per month, the average figure is 20.30 euro per sq.m. per month. The documents are ready for the deal. Additional information is available upon request.