Commercial apartment building in Barcelona, Spain, 881 sq.m

Opportunity: apartments building in Barcelona. We listen to your proposals about price and payment.
In the heart of the city of Barcelona, ​​we offer one of the few buildings without long tenants stay and entirely available from the city. It is a building with 15 living units (11 apartments and 4 studios / offices) plus a multipurpose terrace completely restored to new in the completion phase, furnished and equipped in the heart of the central Eixample Izquierdo neighborhood, considered by the magazine " Time Out "* the best in town and one of the best in the world. The building is prepared for seasonal rentals (master's students and expat workers of companies or individuals). A few steps from several internationally recognized universities of hierarchy such as EADA business school, Autonomous University, Pompeu Fabra, UNED, UIC, and many more. The building is located in the center of Barcelona, ​​a few minutes walk from the most emblematic places of the city and 10 minutes by taxi from the international airport. It has facial recognition access control technology and check-in with a good level of automation. Video intercom, CCTV, security door at the entrance and common spaces suitable to enjoy in summer and winter. The property is in the completion phase of the comprehensive rehabilitation and has a potential capacity to generate 300,000 Euros a year (USD 355,000) of income before taxes with a net result that can be unbeatable, taking advantage of the 85% tax benefit of the Current rentals in the region (25% would be paid on the remaining 15%, that is, 3.75% of the total invoiced). This billing could be improved by adding more services, but there is also the possibility of renting it in bulk, totally eliminating the management work.
The property was acquired by a family in 2013 in a very ruined state and with numerous problems (tenants with contracts prior to 1985 called "old rent" subject to the regime of forced extension and indefinite duration, and several other problems). Financial agreements were made and expensive settlements were paid to put an end to these contracts. 7 years were invested to solve all the problems and carry out a scrupulous rehabilitation of the highest quality with the aim that it would last for many decades to be inherited to the new generation of the family (now, for unforeseeable personal reasons we have decided to sell). Almost all the apartments were fully demolished and rebuilt. The old architectural elements were revalued, such as the original wooden beams and enclosures, the floors, walls, kitchens, bathrooms, water installations, drains, electricity were completely redone, and the style was recovered by placing new wooden enclosures and Reconstructed glass like the originals from 1890 where they were missing, integrally rehabilitating the existing ones to preserve and highlight the charm of the materials. The apartments were rebuilt from scratch with 4 different styles that optimize the life of its inhabitants, they were made thinking about the comfort of between one and three people, from the same family or strangers, who share a home with a high level of flexibility and versatility ( spacious areas that at night become comfortable private rooms and during the day are spaces to live studying or working in "smart working" mode, for example). All the apartments are very bright, have wooden parquet, air conditioning hot / cold, ceiling fans, electric video intercom, smoke detectors, automated entrances, double exposure to natural light and, despite being recently rebuilt, they retain the charm of the classic Barcelona modernist style.
In the entire building, at a technical level the foundations were rebuilt and reinforced, all the horizontal, vertical and clean water drainage pipes were changed, all the general electrical installations and common spaces were completely rebuilt, the floors with structural problems of all the floors, we are currently replacing with wood the last aluminum enclosures placed in the 70s that broke the uniformity of the old modernist style and a long etcetera.
Currently the property is working with "seasonal" contracts (maximum 11 months) perfect for the buyer who can choose in a few months whether to renew contracts or empty it to carry out other projects.
This property gives the possibility of obtaining a guaranteed income, it has great flexibility of use (it can be rented in the short, medium and long term, per apartment individually or in its entirety) and gives the buyer the possibility of obtaining the "Golden Visa" without having to stay in the country for more than 183 days. Regarding the price and payment method, there is flexibility on our part and we are available to listen to your proposals.

*