Professional Offices in Prestigious Block Malta

Professional Offices in Prestigious Block Malta

Professional Offices in Prestigious Block Malta. This is ideal for any high standard tenants that require high quality office space in a good location. These tenants should have a renowned brand identity and a strong sound franchise. There is level 2 office space: 4248 sqm of prime commercial property finished to an executive standard.

PROPERTY CONDITION AND SERVICES

The office premises will be leased fully finished and will be equipped with the following:

• Raised flooring and suspended ceilings for added flexibility.
• HVAC systems on 2 and 3 pipes in strategic locations along the north facade (for simultaneous cooling and heating).
• Kitchenette (fully equipped).
• W/C facilities finished to high standards, including separate male, female and disabled toilets and a maid’s room.
• Fire Fighting sprinklers and hose reels.
• Automated lighting.
• Double glazed windows.
• Small Server room.
• Access control to main doors.
• Use of 3 x 13 person passenger lift and 1 x 15 person goods lift.

No car parking facilities will be made available by the Landlord. However the tenant may opt to enter into a parking agreement with the public car park operators or alternative operators in the proximity.

TERMS

Term: A 3 year di fermo term, renewable after 2 years.
Rent: A rate of €300 +VAT per sqm per annum, with an adjustment every year at 3{a183958fc7faa38e3cb9ca1450e4233f504ddfec890a1094f1ff0142768434a5} or NSO whichever is higher.
Maintenance: A rate equivalent to 15{a183958fc7faa38e3cb9ca1450e4233f504ddfec890a1094f1ff0142768434a5} of the rent amount per annum to cover maintenance, common area cleaning and night security services will apply.
Termination: The tenant may terminate the lease after the first 3 years of the lease term subject to giving landlord 6 months advance notice in writing.
Payments: Rent is to be paid six months in advance, 30 days from invoice receipt.
Sub-Leasing/Sub-Letting: Sub-leasing and Sub-letting are not allowed unless the new tenant is a subsidiary or member of the same group.
Permits: The tenant will be responsible for any permits/licences required to operate from within
Security Deposit: 6 months’ rent.