18 Avenida de los Toreros / Premises to let

Opportunity to let premises situated at Avda. de los Toreros No. 18, in the prestigious Salamanca district within the Guindalera area, located just a few metres from the Las Ventas Bullring, Francisco Silvela and Calle de Alcalá.

The area in which the premises are situated is home to restaurants, hotels, supermarkets and banks, amongst others.

Premises Features:

• Available floor area: 986 m² according to the land registry, distributed entirely on the ground floor
• Excellent visibility: Frontage of approximately 15 linear metres
• Availability: Immediate

Terms of the Lease Agreement:

• Annual Rent: €153,096 (€12,758 per month – approx. €12.94 per m² on the ground floor) + VAT.
• Term: 10 or 15 years.
• Minimum commitment: 50% of the total term.
• Rent review: In line with the annual CPI.
• Assignment/Subletting: Not permitted.
• Right of first refusal: Waived.
• Notice period: 6 months’ notice.
• Service charges: Payable by the tenant.
• Property tax (IBI): Payable by the tenant (approx. €1,068 per month).
• TRU: Payable by the tenant (approx. €147.51 per month).
• Security deposit: 2 months’ rent.
• Guarantee: Bank guarantee or a deposit equivalent to 6 months’ rent.
• Rent-free period: To be negotiated.