Commercial for sale in El Raval, Barcelona city, Barcelona

Building for sale located in the historic centre of Barcelona, in the Raval district, 5 minutes walk from Las Ramblas and the Boqueria Market. Close to the metro and several bus stops.

Total area of 292 m2 is divided in 6 floors (ground floor + 5) each of 44 m2.
There are 8 studios over 4 floors, renovated and distributed in 2 studios per floor of 18 m2 each with private bathroom, large wardrobe, table, refrigerator and balcony. Two studios on the same floor share a kitchen.
Roof terrace has a common area with tables and chairs + laundry area with a bathroom.
Ground floor and mezzanine floor not renovated and currently used for storage. There is a project, plans and budget to convert them into flats with 1 bedroom.
The building and flats are completely renovated, consistently maintained and well-kept, in perfect condition.

The studios are rented 100% all year round with a seasonal rental model targeting the high demand market segment, mainly students and young foreign workers between 20 and 35 years old.
Gross annual profitability - 7.66%.

The photo does not correspond to reality.