Excellent investment opportunity in the heart of Chueca

€1,800,000

6 Rooms
6 Bedrooms
4 Bathrooms
360 m² Total surface
360 m² Living area

Description

Engel & Völkers offers three properties with high profitability, which makes them an excellent investment opportunity. The property is made up of three properties: The first property corresponds to an exterior home with 3 balconies facing the street, located on the first floor of a 1910 building, with a living room; kitchen; 4 bedrooms, and 2 bathrooms, with an approximate area of 98 m2. The home has a square layout that allows for various possibilities of renovation, however, at the moment it is rented by rooms, which makes it a flat with high profitability. The second property corresponds to a home that has commercial use, although it is currently being renovated as a home in the same building as the previous one. This home is accessed from a door in the entrance hall, crossing an interior patio type English patio that belongs to the community, but which has access to this property and the emergency exit of the commercial premises that corresponds to the third property of this entire property. This property, currently adapted as a home, has a constructed area of approximately 72 m2, consisting of a living-dining room, kitchen, two bedrooms, a full bathroom with shower and a small patio for private use. The third property is for commercial use and corresponds to a two-story premises that are connected internally. Floors 0 and -1 are in the same building. This premises has an entrance from both the entrance (currently closed) and from the street. It is currently for commercial use with a hospitality license without live musical performances and is included in the total price. It has a large influx of customers, making it very profitable. Floor 0 has a constructed area of approximately 71 m2 with a bar; public area and the staircase that takes us to level -1. Floor -1 has a constructed area of approximately 89 m2, with public area, toilets, changing room, warehouse and office. This property, made up of 3 properties, is located in the heart of Chueca, a five-minute walk from Gran Vía and Fuencarral Street, close to restaurants, shops and very well connected, which makes it an attractive property for national and foreign investors.

Features

BalconyBasementBuilt-in kitchenSecurity systemTerraceElevatorWheelchair accessible

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Arcadio Torres Diaz

Property ID: W-02V29F

Location: Centro, Madrid

This apartment is in the highly demanded Barrio de Justicia, which has been one of the most desirable areas in the center of the capital for many years. It is an area with a special charm, chic and modern, which simultaneously concentrates a wide cultural offer; gastronomy, and fashion, out of the ordinary, as well as the beautiful architecture of its buildings from the early twentieth century. Justicia is one of the most cosmopolitan neighborhoods in Madrid, thus offering a wide range of leisure activities for all audiences. Some of the points of interest that surround this property are the well-known markets of San Antón, San Ildefonso and Barceló, the busy street of Fuencarral, charming bookstores, restaurants of renowned reputation as well as bars, small cafes and food shops from new generation, with careful and select offer. Nearby we also have the Museum of Romanticism, the Museum of History, the emblematic Plaza de Colón or the street that never sleeps; the Gran Vía. Equipped with very good communications, very close to the neighborhoods of Malasaña, Sol, Trafalgar, Almagro, Recoletos and Cortes, as well as El Retiro Park. Equipped with very good communications, it offers numerous bus lines, as well as access to the nearby metro stations of Chueca, Tribunal, Alonso Martínez and the Recoletos commuter station.

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.