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Avenida Mediterráneo, 2 2,303 SF of Retail Space Available in Retiro, Madrid 28007
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SUBLEASE HIGHLIGHTS
- Subleasing of rented premises
- Immediate environment with multiple services around
- Corner façade with wide visibility
ALL AVAILABLE SPACE(1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
-
RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
Sublease of a commercial space of 214 m2 located in the heart of the Retiro neighborhood. Corner location with excellent visibility in a high-traffic area with multiple services nearby. The space has previously operated as a bank branch. This is a sublease (S&LB) asset, owned by a third party and leased. The current tenant would transfer the space under this arrangement. Authorization from the owner is required to sublease. Specific rental conditions: 1. Rent payment grace period: 2 months of rent. 2. Ordinary rent update: Annually according to the CPI. 3. Extraordinary rent review for market adjustment starting from the 5th year: market review every 5 years. 4. Mandatory Compliance Term: 5 years. 5. Total term: Duration of the main contract minus 3 months. 6. Common expenses and property tax: covered by the landlord. 7. Legal deposit: 2 months of rent. 8. Additional guarantee: between 2-4 months of rent must be provided as a deposit, depending on the scoring process results.
- Taxes and Charges included in the Rent
- Natural Light
- Subleasing of rented premises
- Immediate environment with multiple services around
- Sublease space available from current tenant
- Mostly Open Floor Plan Layout
- Corner façade with wide visibility
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground | 2,303 SF | Negotiable | $42.55 /SF/YR INCL $3.55 /SF/MO INCL $98,021 /YR INCL $8,168 /MO INCL | Retail | - | Now |
Ground
| Size |
| 2,303 SF |
| Term |
| Negotiable |
|
Rental Rate
|
| $42.55 /SF/YR INCL $3.55 /SF/MO INCL $98,021 /YR INCL $8,168 /MO INCL |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
Ground
| Size | 2,303 SF |
| Term | Negotiable |
|
Rental Rate
|
$42.55 /SF/YR INCL |
| Space Use | Retail |
| Condition | - |
| Available | Now |
Sublease of a commercial space of 214 m2 located in the heart of the Retiro neighborhood. Corner location with excellent visibility in a high-traffic area with multiple services nearby. The space has previously operated as a bank branch. This is a sublease (S&LB) asset, owned by a third party and leased. The current tenant would transfer the space under this arrangement. Authorization from the owner is required to sublease. Specific rental conditions: 1. Rent payment grace period: 2 months of rent. 2. Ordinary rent update: Annually according to the CPI. 3. Extraordinary rent review for market adjustment starting from the 5th year: market review every 5 years. 4. Mandatory Compliance Term: 5 years. 5. Total term: Duration of the main contract minus 3 months. 6. Common expenses and property tax: covered by the landlord. 7. Legal deposit: 2 months of rent. 8. Additional guarantee: between 2-4 months of rent must be provided as a deposit, depending on the scoring process results.
- Taxes and Charges included in the Rent
- Sublease space available from current tenant
- Natural Light
- Mostly Open Floor Plan Layout
- Subleasing of rented premises
- Corner façade with wide visibility
- Immediate environment with multiple services around
PROPERTY FACTS
| Total Space Available | 2,303 SF | Building Size | 57,253 SF |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment |
| Total Space Available | 2,303 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 57,253 SF |
| Year Built | 1961 |
NEARBY MAJOR RETAILERS
Presented by
Avenida Mediterráneo, 2
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