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Palma, Islas Baleares 07005 1,076 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 | |||
| - | 1,076 SF | Negotiable | $21.04 /SF/YR INCL $1.75 /SF/MO INCL $22,648 /YR INCL $1,887 /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 | 1,076 SF | Gross Leasable Area | > 50,000 SF |
| Property Type | Retail | Year Built | 1950 - 1959 |
| Property Subtype | Retail |
| Total Space Available | 1,076 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | > 50,000 SF |
| Year Built | 1950 - 1959 |
About the Property
Two commercial premises and a workshop/warehouse are available for transfer, located in strategic areas of Palma, ideal for dining, production, retail, or other professional activities. Premise 1 - Palma Center Located in front of the El Corte Inglés parking lot, in a high foot traffic area with excellent visibility. Features: - 100 m² built - 2 bathrooms - Small workshop Premise 2 - Valldemossa Road - Palma Situated on a main road with excellent connectivity and constant vehicle traffic. Features: - 100 m² built - 2 bathrooms - Workshop Workshop/Industrial Warehouse in Can Valero Industrial Park The photos correspond to the workshop included in the joint operation. Features: - 150 m² warehouse - 1 full bathroom - Three-phase electricity - All work licenses in order and up to date Important Information about the Price The published price corresponds to the value of one premise individually. There is an option to acquire the complete set (both premises + the workshop) through a transfer for a total price of €520,000.
Nearby Major Retailers
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RE/MAX Magic
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"Palma, Islas Baleares 07005"
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