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Palma, Islas Baleares 07008 1,055 SF of Retail Space Available
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SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
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RENTAL RATE
| Space | Size | Term | Rental Rate | |||
| - | 1,055 SF | Negotiable | $10.02 /SF/YR INCL $0.84 /SF/MO INCL $10,575 /YR INCL $881.23 /MO INCL |
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- Taxes and Charges included in the Rent
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,055 SF | Property Type | Retail |
| Total Space Available | 1,055 SF |
| Property Type | Retail |
ABOUT THE PROPERTY
We present to you a fully operational opportunity, perfect for starting work from day one. Due to its location and the type of clientele in the area, it is ideal for continuing with beauty services, as it has an active portfolio of loyal clients. Additionally, there is great potential to incorporate a hair salon, as there is no beauty and hair center of this quality nearby. The center is fully equipped, with machinery and furniture included. If desired, there is the possibility to continue with the current staff, who are fully trained and committed to the business. It has 98 m² distributed in a functional way, perfect for beauty services, body treatments, spa, and/or hair salon. Key features: -Corner location with large windows. -Free parking in the area. -Very bright. -Low rent. The lease is renewed every 5 years, with a current rent of €750/month, and the owner's commitment not to exceed €850/month in the next renewal. A space with great potential for someone looking to venture into the wellness sector, in an area with a stable clientele and a well-maintained environment. Ideal for creating your own oasis of beauty and health in Mallorca.
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RE/MAX Magic
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"Palma, Islas Baleares 07008"
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