Building for sale located in the dynamic area of Raval next to the famous La Boqueria market, in the historic center of the city, surrounded by a variety of shops, bars and restaurants.
The area with all the necessary amenities and excellent transport connections.
The building totalling 1.530 m2 is built on a plot of 380 m2.
The facade faces 2 streets.
Year of construction is 1862.
There are 11 apartments from 54 to 154 m2 and a commercial premise of 140 m2 in the building.
With a license to convert the 1st floor into 4 separate spaces.
With a license to install an elevator and renovate the common areas.
INVESTMENT PROFITABILITY EVALUATION
Total investment: € 6.300.000
Profitability: 11-15% per year
Project duration: 14-18 months
Renovated apartments can be sold for € 4800 / m2
*The photo is illustrative and doesn’t correspond to the real building.