12 Somosierra Avenue / Premises to rent

Opportunity to rent commercial premises located at 12 Avenida de Somosierra, just a few metres from Paseo de Europa in the town of San Sebastián de los Reyes, north-east of Madrid.

It is situated in an established area to the east of the town, just a few minutes’ walk from the “San Sebastián de los Reyes The Style Outlets” shopping centre, the European University of Madrid and the Infanta Sofía University Hospital, with excellent educational, healthcare and sports facilities, as well as numerous green spaces.

Property Features:

• Approx. 1,988 sqm (according to the land registry) on the ground floor. The property is currently a virtually open-plan shell with multiple layout possibilities.
• Smoke extraction system
• Private terrace of 250 sqm
• The external fence would be removed to allow visibility of the premises
• Availability: Immediate

Lease Agreement Terms:

• Annual Rent: €300,000 (€25,000/month – €12.62/sqm ground floor) + VAT
• Term: 10 or 15 years.
• Minimum commitment: 50% of the total term.
• Rent review: In line with annual CPI.
• Assignment/Subletting: No.
• Right of first refusal: Waived.
• Notice period: 6 months’ notice.
• Service charges: Payable by the tenant (approx. €1,670/month).
• Property tax (IBI): Payable by the tenant.
• TRU: Paid by the tenant.
• Deposit: 2 months’ rent.
• Guarantee: Bank guarantee for 6 months’ rent.
• Rent-free period: To be negotiated.
• *Agency fees payable by the tenant: 10% + VAT on the average annual rent agreed.

Transport:

• Buses: 4, 7, 154C
• Metro: Baunatal, Reyes Católicos (L10)
• Roads: A-1, R-2, M-50