Commercial property for sale in Horta-Guinardó

2-star Hotel next to the Sagrada Familia and Hospital Sant Pau, two modernist monuments that receive millions of tourists annually. Surrounded by all types of businesses, restaurants and cafés due to its proximity to Avenida Gaudí. Excellent public transport connections to the rest of Barcelona, close to Sant Pau – Dos de Maig metro station.

The asset company is being sold.

• Built area: 868m²
• Year of construction: 1991
• Condition: complete renovation and new electrical installation
• Floors: 5
• Rooms: 29
• Rooftop terrace with solarium
• Price per room: €258,620/room
• Turnkey project option available (fully equipped) with lease agreement

Turnkey Project (Fully Equipped)

• Contract type: industrial lease agreement
• Contract start: scheduled to begin in 2024
• Contract duration: 20 years
• Mandatory compliance: 10 years
• Grace period: 4 months rent-free
• Guarantees: 4 months fixed rent as bank guarantee + 1 year fixed rent as corporate guarantee

Fixed Rent

• Year 1: €493,000 (annual) - €17,000 per room/year
• Year 2: €501,700 (annual) - €17,300 per room/year
• Year 3: €510,400 (annual) - €17,600 per room/year

Maintenance

• The property owner is responsible for repairs and maintenance of the hotel, including structural and external elements, as well as replacement of installations upon end of life or defects not due to lack of maintenance or misuse.
• The tenant shall be responsible for ordinary maintenance of the building's interior.

Gross Yield

• Year 1: 6.57%
• Year 2: 6.68%
• Year 3: 6.80%
• Year 4: €519,100 (annual) - €17,900 per room/year
• Year 5: €527,800 (annual) - €18,200 per room/year
• Year 4: 6.92%
• Year 5: 7.03%