Profitable property with immediate return

€1,095,000

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

Description

Engel & Völkers presents this luxurious exterior apartment in Paseo de la Castellana. A seventh floor newly renovated and furnished with elegance and style in a privileged area of Madrid. Ideal for high profile rentals. It is located a few meters from the Cinco Torres Business Area where large companies, clinics, embassies and thousands of international students with high purchasing power from Europe, USA and LATAM arrive every year to study at the Instituto de Empresa (IE). Profitable property with immediate return. The new owner will receive rents from its acquisition, between 5% and 6%. Previous and current contracts are available for really interested buyers. Upon entering we find a large bright living room with several rooms and access to two terraces overlooking the Paseo de la Castellana, the Five Towers and the Sierra de Madrid. The living room has a pool table, several armchairs and sofa model Le Corbusier, glass dining table and reading area with Charles Eames armchair. It has 3 bedrooms, two with double beds and one with two single beds, all with closet. A complete bathroom with hydromassage shower and a courtesy bathroom. The office kitchen is fully equipped with Siemens appliances and communicates with a bright and closed gallery with clothesline, GYM and closets for seasonal clothing. Central heating with individual control, air conditioning and designer ceiling fans in the three bedrooms with summer/winter system. Double glazed windows for optimal thermal and acoustic insulation. Pine wood parquet flooring and high security front door. The house is delivered with its complete equipment.

Features

Air conditionBalconyBuilt-in kitchenSecurity systemElevatorGuest toiletMountain viewOpen viewFurnishedWheelchair accessible

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Emilio Vilela

Property ID: W-02OQR1

Location: Tetuán, Madrid

The property is located on Madrid's most emblematic thoroughfare. The Paseo de la Castellana runs through the city from north to south, hosting events of all kinds such as the military parade on October 12, the Vuelta Ciclista a España, the Madrid Marathon, among many others. Supermarkets, pharmacies, cafes and restaurants are just a few meters away. The new Real Madrid Santiago Bernabéu stadium is just 2 km away, where it is planned to host more than 370 major annual events, once its remodeling is completed in 2023. A short distance away is the AZCA area and Madrid Barajas Airport is only 10 minutes away by Taxi/Uber. There is the possibility of renting parking spaces in the surrounding area, although it is easy to park on the street as there are always free spaces. There are usually carsharing vehicles available a few meters from the building. Very close to the property there are two Metro stations (Plaza Castilla and Begoña), as well as the central bus station of Plaza Castilla. A unique property, of high standing, with immediate and constant returns between 5% and 6% that generates a consolidated value in the long term.

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.