José Antonio Corrales Avenue 6 / Retail Units for Lease
Transaction info
Property Type: Retail Units
Address: José Antonio Corrales Avenue 6
City: Madrid
Available Area
- Unit 3: 554.83 sqm
- Unit 3-A: 269.88 sqm
- Unit 3-B: 284.95 sqm
- Unit 4: 1,600.46 sqm (full unit) on ground floor
- Possibility of subdivision: 1,032.70 sqm + elevator area of 22.30 sqm
Annual Rent per Unit
- Unit 3: €100,800 (€8,400/month – approx. €15.14/sqm/month, ground floor) + VAT
- Unit 3-A: €48,578 (€4,048/month – €15/sqm/month) + VAT
- Unit 3-B: €68,388/year (approx. €20/sqm/month) + VAT
- Unit 4 (Full Unit): €288,083 (€24,006/month approx. – €15/sqm/month) + VAT
- Unit 4 (1,032.70 sqm subdivision): €185,886 (€15,491/month approx. – €15/sqm/month) + VAT
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Description
Opportunity to lease retail premises located within a newly built residential complex in the Valdebebas area, in the northeast of Madrid. The property benefits from a prime location close to Real Madrid Sports City, Isabel Zendal Emergency Hospital, and Adolfo Suárez Madrid-Barajas Airport.
This is a rapidly growing area, not only residential but also commercial, with an increasing number of established businesses including restaurants, supermarkets, gyms, banks, and more.
Property Specifications
Unit 3
- Total area: 554.83 sqm on ground floor, with the possibility of subdivision into:
- Unit 3-A: 269.88 sqm
- Unit 3-B: 284.95 sqm
- Excellent visibility: approx. 23 linear meters of façade
- Clear ceiling height: approx. 6.40 m
- Smoke extraction system
- Availability: Immediate
Unit 4
- Total area: 1,600.46 sqm (full unit) on ground floor (Possibility of subdivision: 1,032.70 sqm + elevator area of 22.30 sqm)
- Excellent visibility: approx. 76 linear meters of façade
- Clear ceiling height: approx. 3.60–4.30 m
- Approx. 53 parking spaces located in Basement Level -1
- Possibility of elevator connection to parking
- Availability: Immediate
Lease Terms
- Annual Rent (Full Unit 3): €100,800 (€8,400/month – approx. €15.14/sqm/month) + VAT
- Annual Rent (Unit 3-A): €48,578 (€4,048/month – €15/sqm/month) + VAT
- Annual Rent (Unit 3-B): €68,388/year (approx. €20/sqm/month) + VAT
- Annual Rent (Full Unit 4): €288,083 (€24,006/month approx. – €15/sqm/month) + VAT
- Annual Rent (Unit 4 – 1,032.70 sqm): €185,886 (€15,491/month approx. – €15/sqm/month) + VAT
- Lease Term: 10 or 15 years
- Mandatory Compliance: 50% of total lease term
- Rent Review: Annual CPI adjustment
- Assignment/Sublease: Not allowed
- Right of First Refusal: Waived
- Notice Period: 6 months
- Service Charges, Property Tax (IBI) and Waste Tax (TRU): Payable by tenant
- Deposit: 2 months’ rent
- Guarantee: Bank guarantee equivalent to 6 months’ rent
- Rent-free period: To be agreed
Transport Connections
- Bus lines: 171, 174, N2, BR1, SE709
- Train: Valdebebas station (Cercanías)
- Road access: M-11, M-12, M-40, R-2