Eixample District, Barcelona, Spain

Strategy: Added Value, Hospitality

In the heart of Barcelona's esteemed Eixample district, this innovative co-living property presents a unique investment opportunity within Spain's vibrant landscape, celebrated for its economic stability and cultural richness as a member of the European Union. Barcelona, with its Mediterranean allure, exceptional infrastructure, and historical depth, provides an ideal backdrop for this modern living concept. The property itself is a testament to contemporary urban living, offering fully-equipped private rooms complemented by shared spaces designed for interaction, work, and relaxation. This blend of personal and communal living, set in a location known for its architectural splendor and dynamic community, positions the investment as a forward-thinking choice for those seeking to capitalize on the evolving trends in urban housing and the strong demand for flexible, community-oriented living solutions.

Investment Highlights

  • EU Strategic Location

  • Top Tourist Destination (#1 in 2023)

  • Co-Living Innovation

  • Mediterranean Climate

  • Rich Architectural Heritage

  • Fully-Equipped Private Rooms

  • Added Value Investment

  • Communal Collaboration Spaces

Offering Snapshot

  • Land Area

    2030 SF

  • Total Square Footage

    14,800.24 SF

  • Rentable Area


    13,570.00 SF

  • Year Built

    1936

  • Asking price

    $9’958,016.00

    (incl. RENO + 1Y OPs)

  • Property Breakdown

    • 73 Rooms + 1200 SF Shared Areas + 02 Retail Area

  • Units area

    • L1: 53 SF + Shared BA

    • L2: 53 SF + Private BA

  • Zoning

    Residential (R)
    Commercial (C)

  • LTV

    60%

  • Cap Rate

    7.00%

  • Return - IRR

    11.74%

  • Gross Rental Income

    $ 543,967.68.0

Location Highlights

  • #1

    Best place to Move by Forbes

  • A

    Country Risk

  • 3.36%

    10Y Interest rate

  • 8%

    Spanish GDP driven by tourism

  • Lowest EU Cost of Living Index

  • €229 Billion

    Catalonia GDP

  • 26%

    % of Barcelona Population born abroad

  • ~15,000

    Barcelona New International Students YoY

  • 44%

    Lower Cost of living than NY

“This co-living property in Barcelona's Eixample offers a compelling investment in Spain's vibrant market, blending private living with communal spaces. It caters to the rising demand for community-oriented living, making it an attractive option for real estate investors.”

  • Discount Rate

    9.2%

  • Vacancy Rate

    A conservative 5%

  • Exit Strategy

    10 Year

  • CoC Return

    5.67%

The financial analysis for this co-living investment in Barcelona reflects a comprehensive understanding of the market, with a notably low vacancy rate of 5% mirroring recent trends, ensuring a steady flow of income. The projected IRR stands at an impressive 11.74%, highlighting the potential for substantial long-term returns. The asking price, inclusive of a full year of operational continuity, provides a seamless transition for investors, ensuring the property's immediate income generation post-acquisition. With a Loan-to-Value (LTV) ratio of 60%, the investment structure optimizes leverage while maintaining financial prudence.

Further enhancing the property's appeal are two independent retail spaces, offering additional income streams that complement the co-living setup. The transformation plan for the building, converting it into apartments with 3 to 4 rooms featuring both private and shared bathrooms, is strategically designed to meet the modern urbanite's needs. This careful and forward-thinking approach not only leverages the added value strategy inherent in co-living investments but also underscores the opportunity's resilience and attractiveness in the vibrant Barcelona real estate landscape.

For interested investors seeking a deeper understanding of this opportunity, further information will be provided during subsequent discussions. This will include a comprehensive market analysis, detailed risk mitigation strategies, and an in-depth review of the financials.

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