Parque Tejo - Armazém Forte da Casa

Property located in Forte da Casa (between Póvoa de Santa Iria and Alverca do Ribatejo), next to the National Road 10 and the A1 and A9 motorway junction (with quick access to CREL and A8). A great asset for the last mile. Comprising a 1.270 sqm warehouse. 1 unloading bays and 1 gates to the ground. Condominium expenses: Paid by the tenant and according to the condominium’s budget (under discussion the amount for 2025). Start Date: To be confirmed with the departure of the existing tenant Lease Term: at least 5 years Renewals: The Tenant has the option to renew in one of the following terms, if agreed by both Parties: (i) for a single time, (ii) for an additional period of 5 (five) years, and (iii) for an initial monthly rent (i.e., to be in force during the first year of the renewed term, being subsequently subject to update under the terms established in the contract) of an amount equal to the greater of the following values: a.the contracted rent amount accrued by 10% (ten percent); or b.the market rental value of the property ascertained on such date, by agreement of the parties or, failing this, by determination of an independent third party chosen by the parties. Guarantee: Cash deposit on the amount of 6 months of rent and condominium expenses Rent payment: During the first 8 (eight) working days of the month immediately preceding that to which it refers Reinstatement: At the end of the lease, the tenant must return the unit to the condition in which it was received