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Palma 07003 2,422 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 | |||
| - | 2,422 SF | Negotiable | $17.30 /SF/YR INCL $1.44 /SF/MO INCL $41,904 /YR INCL $3,492 /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 | 2,422 SF | Property Type | Retail |
| Total Space Available | 2,422 SF |
| Property Type | Retail |
ABOUT THE PROPERTY
EXCELLENT BUSINESS OPPORTUNITY IN THE HEART OF PALMA! A spacious restaurant is available for transfer in the center of Palma, located on one of the city's most commercial and pedestrian-heavy streets. Surrounded by shops, offices, and other established businesses. Situated on one of the busiest and most commercial streets in the center of Palma, this 225 m² space was once a traditional bakery and still retains original elements that are now part of its decor: antique pieces, noble materials, and details that make it unique. With seating for more than 40 tables, the space easily adapts to different culinary concepts. Area: 225 m² Decorated with historical pieces that tell the story of the location Active and up-to-date license Fully equipped, ready to operate without additional investment Equipment and facilities: Professional kitchen with large industrial oven Several high-capacity refrigerators and freezers Installed smoke extraction system Fully equipped bar with professional machinery Bathrooms adapted to PMR (people with reduced mobility) regulations + employee bathrooms Large storage room New installations, in perfect working condition Ideal for those looking to open a restaurant with character, authenticity, and an environment that captivates upon entry in an unbeatable location. The space exudes warmth and personality, becoming a place that is not only visited but remembered. Transfer conditions: 9-year lease Monthly rent: €3,000 + VAT Transfer price: €160,000 Unbeatable price for a restaurant of these characteristics, ready to operate! Contact us for more information and to schedule a visit without obligation. Start your business from day one in one of the most sought-after areas of Palma!
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