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Castelló 63

Castelló 63

Transaction info

Type of transaction: Rental

Type of property: Commercial premises

Address: Castelló 63

Location: Madrid

Current Available Floor Space: 554 m²

Annual Rent: €256,200 (€21,350/month – approx. €50/m² street level and €25/m² basement) + VAT.

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Description

Opportunity to lease premises located at Castelló 63, in the prestigious Salamanca district, one of the most established and renowned areas of Madrid. The neighbourhood has a distinctly residential character with high purchasing power and a solvent clientele, making this location an ideal choice for businesses seeking to position themselves in an exclusive area.

The area in which the premises are located offers specialised shops, quality restaurants and premium services.

Premises characteristics:

  • Available surface area: 554 m² according to the land registry, with the following distribution:
    • 300 m² on the ground floor.
    • 254 m² in the basement.
  • Excellent visibility: approximately 20 m linear façade.
  • Possibility of installing a smoke vent. Availability: Immediate

Lease Agreement Conditions:

  • Annual rent: €256,200 (€21,350/month – approx. €50/m² on the ground floor and €25/m² in the basement) + 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 and repurchase: Waived.
  • Notice period: 6 months in advance.
  • Community fees and property tax: Paid by the tenant.
  • TRU: Paid by the tenant.
  • Deposit: 2 months' rent.
  • Guarantee: Bank guarantee or deposit of 6 months' rent.
  • Grace period: To be negotiated (duration of the work).

Transport:

  • Metro: Lista (L4), Núñez de Balboa (L4, L9), Velázquez (L4)
  • Buses: 1, 9, 19, 51, 74, 29, 52, N2, N4.
  • Motorways: M-30, A-2, A-3.