Calle de las Carretas, 29 1,421 SF of Retail Space Available in Centro, Madrid 28012

Rental of a commercial space in one of the busiest areas in the center of Madrid, ideal for businesses seeking visibility and a constant flow of customers. The property has a total area of 132 m2, with 67.66 m2 on the ground floor and 52 m2 in the basement. It features a 4-meter linear frontage, a commercial use license, and does not have a smoke vent. Located in the heart of Madrid, between Puerta del Sol and Plaza de Jacinto Benavente, it is a pedestrian area with high foot traffic, surrounded by shops, restaurants, and services, with excellent transportation connections. Regarding expenses, the community fee is approximately €48.20 per month, the property tax (IBI) is €101.82 per month, and the urban waste fee is €41.66 monthly. The lease terms set a monthly rent of €9,900 with a 5-year plus 5-year contract, with a mandatory compliance of the first 3 years in each period. The rent-free period will be determined based on the project. Community fees, IBI, and waste fees will be the tenant's responsibility. A deposit of 2 months plus an additional 6-month deposit is required. The rent will be reviewed annually according to the CPI and extraordinarily in the sixth year with CPI +5%. Assignment and subletting are not allowed, and the right of first refusal and withdrawal is waived. The notice period is set at 6 months.