Co-living Invesment opportunity

€960,000

7 Bedrooms
5 Bathrooms
203 m² Total surface

Description

Engel&Völkers presents this magnificent investment opportunity through the Co-Living modality, located in the heart of Madrid, next to Atocha Street and the Reina Sofía Museum. The house has 203 m2 built according to cadastre and is located on the second exterior floor of a typical and well-kept property in the area. This Co-living housing type consists of shared spaces such as a hall, living room, dining room, kitchen equipped with all appliances such as ceramic hob, oven, dishwasher, washing machine, refrigerator, microwave. The distribution of the sleeping area consists of 2 single rooms, 2 studios with kitchen space, 3 complete studios with kitchen and bathroom. This apartment is exterior, 3 of the rooms have balconies facing the street and 4 rooms face the interior of the house. The house was recently renovated and is currently fully operational with high profitability, approximately €5,000/month. An excellent purchasing opportunity for those who want to invest in a property in the heart of historic Madrid, a favorite place for young workers and foreign students.

Features

Balcony

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Patricia Landeo

Property ID: W-02XA1H

Location: Centro, Madrid

The Lavapiés neighbourhood has more than 500 years of history and was originally the heart of the city’s Jewish residents. Some historians attribute the unique name of the area to the Jewish ritual washing of the feet before prayer. In the Plaza de Lavapiés there was once a public fountain for the express purpose of performing this ritual before attending synagogue. However, after the expulsion of the Jews, the synagogue was razed and the San Lorenzo church was constructed in its place. This area of central Madrid is dynamic and growing in popularity thanks to the cultural diversity and wide range of cultural events. The spirit of this vibrant neighbourhood is both bohemian and cosmopolitan with restaurants of different ethnic cuisines and unique small businesses. Here one has excellent access to all kinds of public transport. The nearby Embajadores train station provides access to two metro lines as well as the regional rail system. There are also several bus lines accessible in the Ronda de Valencia and Ronda de Toledo roads and additional metro stations in Tirso de Molina and Antón Martín.

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.