Residential building in Barcelona, currently used for tourist apartments

Residential building in the center of Barcelona for sale, currently being used for the rental of tourist apartments. Situated in the cultural and historical part of the city (Ciutat Vella), the building is located next to the famous Gothic Quarter.  Las Ramblas and Plaza Catalunya are within walking distance. The very center of the city is a popular place for tourists and vacationers and a place where obtaining a business in Barcelona is a guarantee of stable income at any time of the year.

The multi-story residential building, with an area of 1,450m2, has 7 apartments, 2 commercial premises and a basement with an additional 200m2, owned by the city administration. Some of the apartments are rented. The object is being sold with a City Hall approval for repair and restoration work as well as the reorganization of the living space into 15 apartments. It is possible to make changes to the current plan and increase the number of apartments. Adjacent to the building is a large terrace, which will be changed into a recreation area for residents with a swimming pool. The characteristics of the property and its location provide the perfect groundwork for a 3 star hotel.