Property Description and Surroundings:

Commercial property of significant historical value, located in Plaça de Sant Just, in the heart of Barcelona’s Gothic Quarter, directly opposite the basilica. The area boasts exceptional cultural appeal: within a few minutes’ walk to the north are the Cathedral, El Call (the former Jewish Quarter) and Plaça del Rei, while to the south it connects to Via Laietana and El Born.

Corner premises with 181 m² of usable floor space (139 m² on the ground floor and 42 m² in the basement). Features a corner façade of over 8 metres (up to 15 m) and ceilings of 2.75 m. C3-Mixta restaurant licence, legally approved extraction system, indoor seating capacity for 42 diners, and an outdoor terrace in the square.

Tenant and Terms:

• Leased to a historic restaurant in the Gothic Quarter since 1987, operated by the renowned San Telmo restaurant group.
• Price: €1,050,000
• Net yield: 4.7%
• Monthly rent: €4,127 + VAT
• Lease: 20 years (commencing 14/12/2022)
• Rent review: Annual CPI adjustment + reviews in years 10 and 15
• Security deposit: 2 months’ rent
• Expenses: Property tax (IBI) (€122.85/month) and community fees (€65.07/month) paid by the tenant.