Calle del Duque de Alba, 7 3,046 SF of Retail Space Available in Centro, Madrid 28012

Sublease of commercial space located in the heart of the Lavapiés neighborhood. The 283 m2 space is spread over two floors and has previously served as a bank branch. It has 3-meter-high ceilings and in the basement there is a warehouse and bathrooms. This is a sub-leased asset (S&LB), owned by a third party and leased. The current tenant would transfer the premises under that regime. The owner's authorization is thus required to be able to sublet. Specific rental conditions: 1. Lack of rent payment: 2 monthly rent payments. 2. Regular income update: Annual to the CPI. 3. Extraordinary income review for updating to the market starting in the 5th year: market review every 5 years. 4. Mandatory Compliance Period: 5 years. 5. Total term: Duration of the mother contract minus 3 months. 6. Common expenses and IBI: payable by the landlord. 7. Legal deposit: 2 monthly rent payments. 8. Additional guarantee: 2-4 monthly installments of deposit income must be provided, depending on the result of the scoring process.