Apartment building in Barcelona.

The building was built in 1860. The total area is 1 190 sq.m. The plot is 206 sq.m. There are 14 apartments in the building. The area of ​​one apartment is from 48 to 97 sq.m. The rentable living area is 889 sq.m. The commercial area on the first floor is 301 sq.m. Using the area of ​​commercial premises, it is possible to build three duplex apartments. The building has the possibility of installing an elevator.
The building is located in the Ciutat Vella area, a 10-minute walk from La Rambla Boulevard, one of the most visited tourist areas in Barcelona! The area of ​​Ciutat Vella is 437 hectares. The population of the area is 100,000 inhabitants. The population density is 771 people per hectare.
The cost of the property is 3 000 000 euros. The building is for sale without tenants. The sale price per square meter of this building is 2,521 euros. The price for the sale of residential property in the area where the property is located, in the immediate vicinity of this building, ranges from 2,900 to 5,100 euros per square meter, an average of 3,600 euros per sq.m. The average price of renting commercial real estate, in close proximity to the building, as of early 2018, is 12 euros per sq.m. The rental price in a radius of 100 meters: residential real estate – 18 euros per sq.m. per month; Commercial real estate – 12 euro per sq. m per month. Profitability (gross) – 7.84% per annum. The estimated annual income is 235,224 euros. The documents are ready for the deal. Additional information is available upon request.