Commercial property for sale in profitability in les Corts in Barcelona

Commercial property for sale in profitability in les Corts in Barcelona. Excellent investment.

Property for sale of 190 m², in two floors, fully restored in Taquígraf Serra Street in Barcelona.

Description

It is a property of 190 m², divided in two floors, on street level. It has been fully renovated by the tenant.

The property has two ample shop windows which give great visibility to the shop.

Both floors are diaphanous and comply with all legal regulations.

It has two toilets, one of them for handicapped people.

It has also an emergency exit.

Excellent tenant

The property is rented to a well-known Beauty Centre and a Micropigmentation and Cosmetic Tattoing.

The tenant has made a great investment in renovating, decorating and adapting the premises for his business.

It is located in a very commercial, central and prestigious area in Les Corts district.

Rent: 1,262,50 (+VAT).

Rental contract: 10 years, until 2030.

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

Net profitability: Higher than 5%.

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

Property located in Taquígraf Serra Street, between Entença and Numancia streets in the district of Les Corts in Barcelona.

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

Excellent communicated.  The property is next to different bus lines and a metro station.