Building in Gracia №18293

Building for sale located in the heart of the emblematic Vila de Gràcia, a bohemian and family-friendly neighborhood. Surrounded by all amenities and shops. Very close to Passeig Sant Joan.

* Total area: 527 m²

* Floors: Ground floor + 4

* Units: 1 commercial space (with option to convert it into a residential unit) + 7 apartments with balconies, galleries, or terraces

* Year of construction: 1908

* Condition: Recent and valid ITE (Technical Building Inspection) certificate of suitability until 2034. Common areas recently renovated.

* No horizontal division

* Possibility of installing a 3-4 person elevator

* Zoning classification: 12g

* Tenancy status: 100% rented with fixed-term contracts

* Net annual rent 2024: €81,942

* Annual expenses: €4,098 (Property Tax: €2,937 + Staircase maintenance: €1,161)

* Net return 2024: 3.27%

* Cost of ownership: €4,269/m²

*As current contracts expire, The income can be increased.

The last of the current contracts expires in 2028, achieving the full return it corresponds to.

* Net annual income 2025: €92,372 (3.69% return)

* Net annual income 2026: €105,790 (4.23% return)

* Net annual income 2027: €130,416 (5.21% return)

* Net annual income 2028: €147,449 (5.89% return)

Agency fees are not included in the purchase price and are to be paid separately