Description
Commercial premises leased to the chain of clothing stores H & M, in Barcelona.
The total area of the premises is 1 410 sq.m. (including a basement - a warehouse, an area of 150 sq.m.).
H & M (Hennes & Mauritz) is a Swedish company, Europe's largest clothing retail chain, headquartered in Stockholm and New York. H & M and its subsidiaries operate in 69 countries of the world, has more than 4,500 stores and employ approximately 161,000 people. H & M - the second largest global clothing retailer, after the Spanish corporation Inditex (owner of the brands: Zara, Oysho, Massimo Dutti, Bershka, Pull and Bear). The company was founded in 1947 by Erling Persson. H & M produces and trades clothing. In addition to clothing, H & M offers customers a variety of interior products (pillows, textiles and so on).
The facility is located in a residential and office area with a large pedestrian and traffic flow, in a location with good transport accessibility.
The cost of the object is 4 400 000 euro. The original lease contract with the store was signed in 2003, in 2018 the contract was extended for the next 10 years until 2028. Profitability (net) - 5% per annum. The monthly rental income is 18 333 euros + VAT. The annual rental income is 220,000 euros + VAT. IBI and comunidad are paid by the tenant. The sale price per square meter of this object is 3 120 euros. The rental income for this room is 13 euro per sq.m. per month. The average price of renting commercial real estate in the zone where the premises are located is 13.07 euro per sq.m. per month. The documents are ready for the deal. Additional information is available upon request.