Opportunity to renovate in the heart of Madrid de los Austrias

€680,000

3 Rooms
3 Bedrooms
2 Bathrooms
129 m² Total surface
129 m² Living area

Description

Engel & Völkers presents this spacious property for renovation in the heart of the historic center of the Palacio district, in a building from 1900 characteristic of the area. Its size and floor layout allow for multiple renovation options to adapt it to the needs of the future buyer, making the most of every square meter. Currently, it has three spacious bedrooms, two of which are exterior with large windows facing a quiet street, and a third with a window to the courtyard of the building. It features a cozy living room, a large independent kitchen, and two bathrooms. There is also significant storage space with direct access to the building's courtyard and a pantry in the kitchen area. Overall, a very attractive property, both for investors and those who want to live in the historic center of Madrid, just a few minutes' walk from some of the capital's main points of interest, and very close to green and landscaped areas, with the added bonus of being able to renovate it according to the final customer's taste.

Features

Patio

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Carmen Voces

Property ID: W-02X4BZ

Location: Centro, Madrid

The property is located in the historic center of the Austrias neighborhood, very close to the Almudena Cathedral and the Royal Palace of Madrid, and near emblematic streets of the city such as Mayor Street or Bailén Street. An area of Madrid that features pleasant green spaces with open views, making it a high-quality place to live. Its excellent location offers several bus lines, a nearby metro, and numerous taxi stops. The neighborhood boasts a varied commercial offering, predominantly traditional establishments of all kinds, as well as more recent ones, and it doesn't lack important hotel accommodations, with both luxury and more modest establishments. The gastronomic and leisure offerings are equally extensive, with traditional venues and others with a more international profile. After a pleasant stroll, we encounter some of the city's main cultural options, such as the aforementioned Almudena Cathedral and the Royal Palace, joined by Plaza de la Villa, Plaza Mayor, or Plaza de Oriente. In short, an unbeatable location to enjoy historic Madrid.

Commission details

Availability upon agreement. The offer is subject to change of price or withdrawal. The exposed information including the dimensions are illustrative. To confirm the dimensions, physical and legal circumstances of the sales and purchase deal the Agency recommends to consult an independent competent professional. The price does not include the taxes and costs. Corresponds to the purchaser the right to choose notary payment of the following taxes and costs: (i) in a first deliveries of buildings (new development) the Value-added Tax (IVA) and the Tax on Documented Legal Actions (AJD); (ii) in a second and subsequent deliveries of buildings the Property Transfer Tax (ITP); (iii) notary and registry tariff. For the rest of the information demanded by state and autonomous government regulations, please get in touch with the Agency.