Residential building in Barcelona for sale in the lively residential area of Sant Gervasi. This upscale neighborhood is bordered by a large commercial area on Diagonal Avenue, where you can find a variety of goods and services. The popular nightlife spots, Restaurant Tuset, Tomato, Hot Bar, Sutton Club and Luz de Gas, are all within walking distance. This area is very popular among shoppers and in the evening you can see a large number of tourists walking, as the area is also within walking distance to the main tourist areas of the city - the pedestrian avenue Rambla Catalunya, Passeig de Grácia and Plaça Catalunya.
Investment property in Spain for sale in a popular tourist city on the Mediterranean coast. The 5-story building has an area of 2,117 m2. The ground floor is occupied by two commercial premises of 190m2 each, leased to a restaurant with a monthly rental of 2,222 Euros and to a prints store with a monthly rental of 1,987.19 Euros per month. The lease contracts last until 2016 and 2020 respectively. The rest of the building is occupied by 12 residential apartments ranging from 90 to 180 m2, 6 of which are rented. Monthly income from the object at the current rate is 7,660 Euros (91,920 Euros per year). The building can be purchased with the leased commercial premises on the ground floor for a total cost of 10,000,000 Euros, or it is possible to only purchase the residential part of the building for a cost of 7,000,000 Euros.