A new commercial space, leased, a major German network TEDI, in Barcelona.

Total area – 604,75 sq. m. TEDI – a major German chain stores of non-food products of daily consumption: in stock – gifts and decorative items, toys, stationery, party supplies, tools, pharmaceutical products. Today the company, established in 2004, has about 1 500 subsidiaries in such European countries as Germany, Austria, Slovenia, Slovakia, the Netherlands and Spain, making it the leader in this segment of the market. The room is located in the sought after area of the municipality of Sant Joan Despi, Barcelona (20 minutes from Central Barcelona). The value of the object – 700 000 euros. The lease agreement for 15 years from 2017. 3-year – period of compulsory execution, it is possible to terminate the contract at the end of each subsequent three-year period with a notice period of six months. Annual rental income is 42 000 Euro + VAT. Profitability of the object – 6% per annum. The profitability of the investment with Bank financing at 9% per annum. The documents are ready to deal. Additional information is available upon request.