Commercial space in the center of Barcelona, rented to a large utility company

Put up for sale, a commercial space in Barcelona, rented to a large national company supplying gas and electricity.  The company has existed on the market for over 70 years with a volume of income in excess of 15 billion Euros. The object has an excellent location in the central Eixample district next to Plaça Catalunya - a business area with offices, banks and retail outlets. This is a great opportunity to buy commercial property in Spain with an established tenant.

The company has a 10-year rental agreement, expiring in 2022, with an annual rent of 108,000 Euros, which is 5.4% return per year. Property taxes and utilities are paid 50% by the landlord and 50% by the tenant (not included in the monthly rent). The commercial area of 1,000m2 is distributed on two floors: a 500m2 ground floor space and a 500m2 basement. The floors are interconnected by two staircases and a freight elevator. The premises are in excellent condition with a climate system installed. There is the possibility of installing a chimney, bathrooms, offices and a conference room.