Description
The industrial premises leased, next to Barcelona.
The total area is 2 187 sq.m. 1971 year of construction. Sale of two rooms, combined in one industrial premises, rented by the enterprise for the production of automotive parts.
The premise is located in the city of Sabadell, 27 kilometers from Barcelona. The population of the city is 210 000 inhabitants. The premise is located in the best and most profitable industrial zone of the city.
The cost of the property is 950 000 euros. The tenant removes these premises for 40 years, and given this fact, as well as the presence of a large number of heavy expensive equipment, is ready to sign a long-term lease contract with the new owner with the condition of increasing the rent to 5,500 euros per month (according to the previous contract, the rental rate was 5 000 euros per month). The annual rental income in 2017 was 60,000 euros + VAT. The annual rental income after the contract extension is 66,000 euros + VAT. Profitability - 6.95% per annum. IBI pays the tenant. There is a mortgage amounting to 565 000 euros. Sale price per sq. M. This object, at the moment, is 435 euros. The average selling price of industrial and commercial facilities in the area where the premises are located and in close proximity to it is 650 euro per sq.m. The cost of renting this room, subject to signing a new contract, will be 2.52 euros per sq.m. The rent price of industrial premises in the area where the facility is located is from 2.20 to 4 euros per month, the average figure is 3.10 euro per sq.m. per month. The documents are ready for the deal. Additional information is available upon request.