Premises rented by furniture and household appliances store Conforama in Barcelona

Commercial premise for sale in Barcelona, currently rented by furniture and household appliances store – Conforama.Rental agreement was signed for 20 years with obligatory 7 years. Total area of the premise – 6957 m2. It is located in a new residential area with well developed infrastructure just opposite IKEA shopping mall. Annual rent rises every year: the 1st year it is 660.072 Euros, 2nd – 741.600 Euros, 3rd – 741.600 Euros. 4th – 795.960 Euros, 5th – 839.448 Euros; so does the profitability of this project,  the 1st year of rent it was 6,31%, then the 2nd – 7,61%  and the 3rd -8%.