Cryptic crossword clue
There you go! Empty space finally given away to the Spanish 5

The most common and most likely answer to this crossword clue is the 5 letter word VOILA

V
O
I
L
A


Buddy explains!

The straight part
We know that "There you go!" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case there you go! = voila.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does VOILA mean?

VOILA interjection
  1. Lo, there it is; see here; ta-da; presto; behold!

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