Chain cafe on Av.Parallel in the center of Barcelona

Commercial space rented to a chain cafe with terrace licence , located on busy street Av.Prallel,  popular among both tourists and locals.The property of total 90m2 with open plan concept and 4.5m facade.

The rental agreement was signed in December 2015 for 10 years with obligatory execution of 2 years.Rental fee is 2.00 Euro/month.

The owner pays community costs of 600 Euro/annually, and the lease holder is in charge of paying IBI property tax 900 Euros/annually.

That gives the owner net profitability  of 4.8%