Commercial premises in Barcelona, rented to a sports club

Commercial premises in Barcelona, located in a lively residential area of the city. The current tenant is a sports clubs chain, under contract until 2034 with a mandatory term of execution until 2019. Rental of the space brings the owner an annual income of 300,000 Euros, or 4.2% per annum. The monthly rent does not include utility costs, which amount to approximately 1,000 Euros per month, and are paid at the expense of the tenant. After the current contract has been in execution for 7 years, the rental rate will be revised with a possible increase of 10%. The commercial space of 2,786m2 occupies the first floor and basement of the building and is located in the central area of Grácia just 10 minutes from Plaza Catalunya.