Commercial premises in profitability in Garrofers Street in Barcelona

High Yield commercial property for sale. It has smoke vent and a prestigious long term tenant.

Property of 200 m² fully renovated and located in Garrofers Street, just a few meters from Pl. LLuchmajor.

Description

It is a commercial property of 200 m², all in one single floor, on street level,

It has high ceilings and it is completely diaphanous.

There is an ample bathroom for handicapped people.

The property has an area for selling pasta, different sauces, bread and other products. There is also another toilet, a changing room, a food handling area and the kitchen.

Energy Performance Certificate:         Si

Code:                            8DRNFJTTL

Until:                      16/10/2028

Long-term tenant

The current long-standing, stable tenant makes this property a highly interesting investment

It is rented to a well-known bakery of fresh bread, pasta and sauces. The tenant provides pasta and other products to many prestigious restaurants in Barcelona. The tenant has been in this business for many years and this place is very well known in the catering and restaurant industry.

Monthly rent: 1.313 euros +VAT.

Contract of 10 years.

Between the 5^th and 6^th year there is an increase of: Rent+CPI+ 5 %.

Net profitability: 6%.

Tax advantages

The company that owns this property can sell it with VAT, in the case that the purchasing party can also take advantage of this measure. Both can benefit then from the VAT exemption. The purchasing party is exempt from paying the Property Transfer Tax (ITP), now the 10%. The buyer will only pay the Tax for Documentary Legal Acts (AJD), now the 2.5%.

Location

Excellent location. Property located in Garrofers Street, just a few meters from Paseo Valldaura and Plaza Lluçmajor.

It is a very central and commercial area, with many shops, restaurants, coffee shops, offices and all kind of services.

It is an excellent communicated area with many bus stops and metro lines.