Touristic rental apartment building fully managed in the Raval area. 9 fully licensed Apartments.

Perfect Barcelona investment property. Apartment building with 9 apartments rented as short stay tourist apartments. Fully licensed with a professional operator running the rentals.

This building is located in the Raval district of Barcelona old town.

The property is currently operated by a professional Touristic apartment agency. The option to manage the apartments yourself is also possible because the contract with the management company is agreed on year basis.

The 9 apartments are an ideal size for tourist rental activity. They are also in a really good location next to Las Ramblas and had a 70% occupancy rate in 2010.

The townhall of Barcelona will not give more tourisr rental licenses in this area unless you buy an existing building and refurbish it.

This is an excellent opportunity to start generating income from day one after purchase.

-Prime touristic location

-Fully licensed apartments

-Building and apartments refurbished in 2007

-Functioning business with a 6% yield

-Fully equipped apartments with furniture

Located on a well known authentic Raval street in the old town of Barcelona, just 10 minutes walking distance from Plaza Catalunya and just 200 meters away from the Ramblas - the best known destination for sightseeing, shopping and nightlife in the heart of the city. A very prime location for tourist rental business.

Agency fees, buying costs and taxes not included in the price