7 Sebastián Elcano / Commercial space for rent

Opportunity to lease a commercial space located at 7 Sebastián Elcano Street, at the corner of Alonso del Barco Street, in the heart of the Embajadores neighborhood in southern Madrid.

The area surrounding the property features well-established businesses, including restaurants, hotels, banks, supermarkets, and retail stores, among others.

Property Features:

• Approx. 380 sqm of floor space distributed as follows:
• Street Level: 300 sqm
• Basement: 80 sqm
• Large storefront with approx. 30 linear meters.
• Ceiling height: 5.40 m.
• Availability: Immediate

Lease Agreement Terms:

• Annual Rent: €66,000 (€5,500/month – approx. €16.80/sqm ground floor and €5.90/sqm basement) + VAT.
• Term: 10 or 15 years.
• Minimum commitment: 50% of the total term.
• Rent adjustment: Based on annual CPI.
• Assignment/Sublease: No.
• Right of first refusal: Waived.
• Notice period: 6 months.
• Community fees: Paid by the tenant.
• TRU: Paid by the tenant.
• Property tax (IBI): Paid by the tenant.
• Security Deposit: 2 months’ rent.
• Guarantee: Bank guarantee or deposit of 6 months’ rent.

Transportation:

• Metro: Embajadores (L3)
• Commuter Rail: “Embajadores”
• Buses: 60, 78, 148, N17
• Highways: M-30, A-42