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Building on primary location in Barcelona

Property ID: 609
Passeig de Gracia, Barcelona, Spanien, Barcelona,
08008, Spain
€36m Brokerage
Mixed use buidling
  • 94
  • 0
  • 6622 sq m
Daniel Andre
Daniel Andre
Contact Agent

Description

Following a brief summary of one of our properties for sale in Spain. We are instructed to seek offers for our client’s interest. For more information regarding this building on primary location in Barcelona or if you are looking for a specific property that we haven´t listed on our website, please contact us at info@spanskafastighetsfonden.com or +46 8 5592 28 37 or +34 627 892 114. A Purchasers Pack has been produced for prospective purchasers to review due diligence relating to the property on completion of a non-disclosure agreement and a LOI.

 

Summary:

  • Reference: SFF-BCN1
  • Geography: Intersection of Passeig de Gracia and Avinguda Diagonal, postal code 08008, Barcelona, Spain.
  • Location: Building on primary location in Barcelona. Passeig de Gràcia is one of the major avenues in Barcelona and one of its most important shopping and business areas. Close to 5-star hotels such as Casa Fuster, Claris GL and Cotton House Hotel Autograph Collection. Also in the neighborhood, is one of Gaudis fabulous works Casa Milà and other emblematic buildings such as Casa Manuel Llopis Bofill.
  • Investment strategy: Value add (Core if repositioned as a rental property and fully occupied)
  • Above ground area: 4650 m2
  • Total area with common areas and basement: 6622 m2
  • Occupancy rate: 0 %
  • Condition: Building on primary location in Barcelona and is in good condition. License granted for a residential use. Internal soft demolition is already executed.
  • Purchase price of the property: €36m plus expenses & taxes (Price is negotiable)
  • Investment case: Cash flow or capital gain. Concept designs ready for 18-20 luxury residences for capital gain. Estimated exit value upon completion, €10k per sqm.

 

About us

Spanska Fastighetsfonden, your commercial real estate agent in Spains main cities. We cover the entire Spanish market, from Barcelona in the north to Malaga in south and from Seville in the west to Valencia in east. We provide purchase and sales guidance for international investors looking for investment opportunities in commercial real estate in Spain. We help our customers purchasing individual properties, real estate portfolios and well-known buildings, for example this hotel in Madrid. Our investor clients are usually global institutional funds, private/state property companies, investment banks/private banks, open and closed investment funds, hedge funds, family offices and wealthy individuals.

Thanks to our solid network of sellers, brokers, lawyers and property advisors, we add a lot of customer value to both buying and selling situations. This wide network also means that we have a very good deal flow and as your local source agent in Spain we act as a bridge between international investors and Spanish sellers. The Spanish real estate market offers many opportunities and, in most cases, also significantly better returns. Business processes and procedures differ. Sometimes there are also language and cultural barriers, which can create unnecessary friction, in what may be a very good business opportunity. That is why we are here. To facilitate and help you save both time and money when it comes to investing in Spain.

Our clients’ transactions include both student housing, hotels and residential. Transactions are conducted throughout Spain, but with focus on Madrid, Barcelona, Malaga and Marbella and other tourist-like resorts along the Costa del Sol. Our driving force and enthusiasm for creating customer benefits and implementing transactions on behalf of our clients, gives Spanska Fastighetsfonden a unique position in the Spanish markets.

 

What we can help you with

  • Identifying business opportunities, both on and off the market
  • Information gathering and compilation of due diligence materials
  • Market analysis
  • Transaction support
  • Bids / acquisitions of properties and companies
  • Sale of properties and companies
  • Implementation of sales processes

We have a local presence in Malaga, Torremolinos, Benalmadena, Fuengirola and Marbella. We always strive to deliver high standards and Swedish quality on everything we do. Our work is inspired by efficiency and best practice. We work with clear processes and strive to strengthen the organization’s culture and structure. We accomplish this by automating and packaging processes and templates that we then use as tools in our daily work. Together with our corporate values that are Expertise, Collaboration, Engagement and Results, we are convinced that this creates long-term customer satisfaction, shareholder value and good business.

Amenities

Close to airport
Close to food store
Close to shopping
Close to museum
Close to ATM
Close to bar
Close to restaurant
Close to bus station
Close to café

Additional Information

No additional information.

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