Building for sale in a coastal area of Barcelona

Building for sale in Barcelona in a seaside area of Barcelona. The four-story building of 3,600m2, situated on a plot area of 964m2, has an 850m2 terrace, 27 soundproofed rooms, a technical room for equipment, and 12 spectator seats for presentations and events. Currently, 90% of the premises are rented as music studios, hosting classes and rehearsals. The rental income amounts to 250,200 Euros, or 7%.  There is a mortgage of 520,000 Euros. The new owner has the opportunity to negotiate with the present tenant regarding the future lease and/or change the type of activity if in agreement with the local administration. The investment object has a superb location just a few steps away from a petrol station and a McDonald's.