Flat for sale in El Poblenou, Barcelona city, Barcelona

Investors only. Possession of the property cannot be obtained.

Long-term investment opportunity at a price well below market value, estimated at around €400,000.

No viewings are carried out, except for the buyer once due diligence has been completed and the reservation agreement has been signed.
Only buyers purchasing in cash and without a mortgage.

Rented property with an old-rent (indefinite) lease contract.
Monthly rent: €318.

Expenses borne by the owner:
• Community fees: €180 quarterly
• Property tax (IBI): €127 quarterly

Building in very good condition, with ITE inspection passed and a valid certificate of occupancy.

Tenancy situation

• Tenant aged 75 lives with his wife.
• Both reside in the property.
• Children do not live in the dwelling.
• In the event of death, the spouse is automatically subrogated.
• Upon the death of the last of the two:
o A child may only be subrogated if they can prove real and continuous cohabitation during the 2 years prior.
o Simply living "next door” or on the same street does not grant subrogation rights.
o If no accredited cohabitation exists → the contract is terminated.

The lease predates the 1994 Urban Leases Act (LAU), therefore:
• It is governed by the 1964 LAU.
• Regarding duration, subrogation, and rent updates, the Second Transitional Provision of the 1994 LAU fully applies.

Upon termination of the lease due to the tenant’s death, subrogation is only possible, and in the following order:

The spouse who lived with the tenant.

Children who lived with the tenant for at least 2 years prior to death (unless they were minors).

Other descendants, ascendants, or siblings with a minimum of 2 years’ cohabitation.

Subrogation must be notified to the landlord within 3 months of the death, with proof of cohabitation.

Right of first refusal and redemption

Yes, there is a right of first refusal (Art. 47 LAU 1964).
The tenant must be formally notified (by burofax), stating:
o Price.
o Essential conditions.
o Identity of the buyer.

The tenant has 60 calendar days to exercise the right of first refusal. After this period, the sale may be completed.

The property is located in Poblenou, one of the most sought-after areas of Barcelona, just a few minutes from the beach.
Situated on a semi-pedestrian street in a quiet environment, surrounded by gardens and green areas. It forms part of a fully refurbished classical building that preserves the original architectural style. Building with few neighbors and no elevator.

The apartment offers 79 m2 built area according to the Cadastre, is located on the first floor, and is currently rented, making it a property intended exclusively for investment.

• Community fees: €180 quarterly
• ITE inspection passed and valid certificate of occupancy
• Property tax (IBI): €550 annually

Excellent location between the sea and the city center. Only 10 minutes’ walk from Poblenou metro station (L4), with multiple bus lines, Bicing stations, and a wide range of shops, restaurants, and services nearby.