Acquire two fully-rented buildings in a premium suburban areaThe Business
Two commercial buildings are on offer in the business center Can Sant Joan in Sant Cugat del Vallès, a suburb of Barcelona. Both properties are nearly completed and rental contracts have been signed for both.
The first property is a 1,000 square meter dedicated restaurant space, which is rented for a ten-year period at a minimum of €204,000 per year.
The second property is a 4,000 square meter, 3-star category apartment-hotel with 96 keys rented on a fifteen year contract for €615,000 per year from July 2011.
Market
San Cugat del Vallès is a privileged residential area and is today the most consolidated shop area of Barcelona direct periphery. It has excellent highway access to the center of Barcelona, the airport, and exhibition and conference centers.
The owner is offering the buildings at a valuation price calculated at a 7.8% rate on rents, or around € 10.5 million.
Sector: Real EstateSegment: Hotel/RestaurantRegion: EuropeFinancing Size: $5m to $20mContact: Pierre Hariga
Company: M&A International s.a.Telephone: +32 2 627 51 23Email: [email protected]