Calle Marqués de Urquijo, 32 2,497 SF of Retail Space Available in Moncloa - Aravaca, Madrid 28008

Commercial space of 273 m² available for sublease on Marqués de Urquijo Street, 32, with its most recent use being a bank branch. The property consists of a ground floor and a first floor. The ground floor has a registered built area of 168 m², distributed as a hallway the width of the façade, starting from the entrance and widening at the back, where there is a door and a window that opens to a rear patio. The first floor has a registered built area of 105 m², distributed into two restrooms, a utility room, and an office with two exterior-facing windows. Sublease under a Sale & Leaseback (S&LB) arrangement: The property is owned by a third party and is currently leased. The current tenant is offering the space for sublease. The master lease agreement cannot be provided, and subleasing requires the owner's authorization. Specific rental conditions: - **Starting rent**: This is the minimum rent amount from which bids will be accepted. Bids must always be equal to or higher than the published amount, excluding applicable taxes. - **Rent payment grace period**: 2 months of rent. - **Ordinary rent adjustment**: Annual adjustment based on the Consumer Price Index (CPI). - **Extraordinary rent review for market adjustment starting in the 5th year**: Market review every 5 years. - **Mandatory term**: 5 years. - **Total term**: Duration of the master lease agreement minus 3 months. - **Common expenses and property tax (IBI)**: Covered by the landlord. - **Legal deposit**: Equivalent to 2 months of rent. - **Additional guarantee**: Between 2-4 months of rent must be provided as a deposit, depending on the scoring process results.