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Property description
A commercial space for sale in Arago, one of the main streets of Barcelona, just two blocks from Paseo de Gracia. Close to the municipality where there is always a large flow of visitors.Community:
Mayor's Office (Community Relations Department)Public School Ocean Drive Hotel 5*Ocean Drive HotelMercat de la Concepcio
The commercial space is leased to a chain of national supermarkets. The rent is currently 8,500€/month. The tenant (El Corte Ingles) is interested to sign a long term contract (at least 10 years). Therefore, he is willing to increase the rent in the range of 10 to 12 thousand€ when signing a long term contract. The profitability calculation uses the new price (11000), which will be included in the preliminary contract (ARPAS) as one of the conditions of the deal.
Important: the premises have a licence allowing the shop to operate 24 hours a day!
The car park is now rented for 8500 euros. The sums are split as follows:
5500€/month - monthly passes2000€/month - hourly
1000€/month - motorbikes
The profitability can be significantly increased if a management company is hired to run the car park. Then you can increase the amount of daily traffic for an hourly rate from 2000 to a minimum of 6000-7000 per month. In this case, the management company will keep 15-20% of the profit. Then the premises will generate a minimum of 13 000 euros (5500+6500+1000) of which 2000 will be taken by the management company and 11 000 euros will be left to the owner. In practice it should be considerably more, as in addition to the shop itself there is also a department of the town hall for citizen relations.
The total annual rent for the shop and the car park under the new contract will be 22,000 euros per month or 264,000 euros per year (currently 204,000)
The area of both properties is 2039 m2, of which:
965 m2 - car park
1074 m2 - supermarket
1000€/month - motorbikes
The profitability can be significantly increased if a management company is hired to run the car park. Then you can increase the amount of daily traffic for an hourly rate from 2000 to a minimum of 6000-7000 per month. In this case, the management company will keep 15-20% of the profit. Then the premises will generate a minimum of 13 000 euros (5500+6500+1000) of which 2000 will be taken by the management company and 11 000 euros will be left to the owner. In practice it should be considerably more, as in addition to the shop itself there is also a department of the town hall for citizen relations.
The total annual rent for the shop and the car park under the new contract will be 22,000 euros per month or 264,000 euros per year (currently 204,000)
The area of both properties is 2039 m2, of which:
965 m2 - car park
1074 m2 - supermarket
Estate Barcelona