We offer our investors an exclusive building suitable for use as a hotel in Barcelona, Spain. The building is located just a few steps from the cultural and historical area of the Old City, next to the main tourist routes, hotels, restaurants, and high end offices. It borders the Eixample district, another equally popular area for both commercial and residential purposes.
The multi-story building with a total area of 4,944m2 consists of 85 rooms, each with an area of 21m2. Currently, the building has two tenants. An area of 4,061m2 is occupied by the City Court who pays a monthly rent of 49,045 Euros under a contract that lasts until October 2015. The second tenant, a large German company, occupies the non-residential premises on the ground floor (area of 467m2), and pays a monthly rent of 7,205 Euros. The lease term will expire in October of 2015, but the tenant is ready to discuss with the new owner the possibility of extending the contract for a longer period. Buying into this investment opportunity, the new owner will be able to carry out the necessary renovations of the building, and at the same time earn revenue from two existing tenants until October 25, 2015. After October 25, 2015, the building will be completely vacated and available for use as a hotel complex.