Building with tenants

Building with tenants in Poble Sec

The building is located in the center of Poble Sec, next to the metro and Paralell boulevard.

Total area: 1.053 sq.m.
16 apartments
2 commercial premises
Year of construction of the building: 1872.
The building has passed a mandatory technical inspection (IT).

Apartments of various sizes and layouts, 36 m2, 46 m2, 75 m2, 83 m2 and one apartment of 170 m2.

The apartments and commercial premises are leased for long term, with an average rental price of 600 euros per month (old lease).
The leases of 9 of the apartments end in 2021, 3 of the apartments in 2025 and 2 of the apartments in 2023.
Therefore, it will be possible to increase the rent at current prices, up to 850 - 1.000 euros per month.

Currently, rental income from all apartments and premises is 11.355 euros per month / 135.600 euros per year.
The gross profitability is 4% per year.
Potential return of 5.6% on new leases after the expiration of these leases.

The building is administered by a management company.
The owner is a private person.

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