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Palma, Islas Baleares 07003 1,765 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 | |||
| - | 1,765 SF | Negotiable | $6.39 /SF/YR INCL $0.53 /SF/MO INCL $11,285 /YR INCL $940.43 /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 | 1,765 SF | Property Type | Retail |
| Total Space Available | 1,765 SF |
| Property Type | Retail |
ABOUT THE PROPERTY
INTRODUCING A PREMISES FOR RENT WITH A TRANSFER OF €130,000 An attractive commercial premises is offered in the prestigious Jaime III area, with a surface area of 164 m². This space features air conditioning and heating, ensuring a comfortable environment year-round. Additionally, it has natural gas, making it ideal for various commercial activities. Community expenses are included, although utilities are separate, allowing for more flexible management of operating costs. The annual waste fee is €170, an aspect to consider... This premises has a demonstrable annual turnover of €180,000, reflecting its potential and success in the market. Although it does not have a smoke outlet, it has a low-temperature kitchen, allowing it to operate as a bar, café, or souvenir shop. Currently, the premises are open from 3:00 PM to 2:00 AM, offering an excellent opportunity to attract nighttime clientele. With its prime location and suitable features, this premises is an interesting option for investors and entrepreneurs looking to establish or expand their business in one of the most dynamic areas of Palma de Mallorca.
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RE/MAX Vinci Group
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"Palma, Islas Baleares 07003"
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