Arequipa 1. Mar de Cristal Building

Opportunity to lease commercial premises located at Arequipa nº 1 (although with access from Calle de Ayacucho) in the heart of the ‘Mar de Cristal’ office building and next to the ‘Gran Vía de Hortaleza Shopping Centre’ in the Hortaleza district in the east of Madrid, a location that is ideal for any type of business.

The area in which the premises are located has a large number of established businesses in the surrounding area, including restaurants, supermarkets, retail shops and banks, among others.

Premises characteristics:

• Approximately 162.86 sqm of floor space distributed solely on the ground floor.
• Excellent visibility: located next to the entrance to the Gran Vía Hortaleza Shopping Centre.
• Possibility of renting parking spaces. Availability: Immediate.

Lease agreement conditions:

• Annual rent: €78,173 (€6,514.40/month – €40/sqm street level) + VAT.
• Duration: 10 or 15 years.
• Mandatory compliance: 50% of the total duration. Rent review: According to annual CPI.
• Assignment/Subletting: No.
• Right of first refusal: Waived.
• Notice period: 6 months
• Community fees, property tax, TRU, cleaning, maintenance, security: Paid by the tenant (approx. €1,014/month).
• Deposit: 2 months' rent.
• Guarantee: Bank guarantee or deposit of 6 monthly payments. o Grace period: To be negotiated.
• Parking spaces: €100/space/month
• Parking fees: €41.09/space/month

Transport:

• Buses: 87, 104, 120, 125, 171, 172, 172SF, T11
• Metro: Mar de Cristal (L4, L8)
• Roads: E-5, M-11, M-30, A-2