Sublease of 233 m2 commercial space located in Algete.
Location in a central area with optimal visibility and multiple services around. The space has previously functioned as a bank branch.
This is a sub-leased asset (S&LB), owned by a third party and leased. The current tenant would transfer the premises under that regime. The owner's authorization is thus required to be able to sublet.
Specific rental conditions:
1. Lack of rent payment: 2 monthly rent payments.
2. Regular income update: Annual to the CPI.
3. Extraordinary income review for updating to the market starting in the 5th year: market review every 5 years.
4. Mandatory Compliance Period: 5 years.
5. Total term: Duration of the mother contract minus 3 months.
6. Common expenses and IBI: payable by the landlord.
7. Legal deposit: 2 monthly rent payments.
8. Additional guarantee: 2-4 monthly installments of deposit income must be provided, depending on the result of the scoring process.