Engel & Völkers

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 shop image

Engel & Völkers Madrid MMC

Your advisor: Emilio Vilela

Property ID: W-02OQR1

Property details

Object type

Flat

Condition

Top

Rooms

3

Bedrooms

3

Bathrooms

2

Total surface

160 m²

Living area

160 m²

Flooring

Parquet

Energy efficiency information

Construction year

1974

Energy efficiency class

energy class icon

Energy certificate available

Yes

Type of heating

Radiator

Energy source

Central heating

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.

Contact the provider

Get more information about this property

Country

I agree with the processing of my data for the purpose of searching for properties and being contacted by . If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Potential homebuyers smiling and talking to a realtor
E&V Finance Logo

We will find the best financing option for you

  • Non-binding consulting
  • Comprehensive service
  • Tailor made finance solution

Nearby properties

These homes might interest you

  • Centro, Madrid, Community of Madrid, Spain

    Corner apartment in Gran Vía Street

    €1,310,000

    • 2 Bedrooms2 Bathrooms102 m² Living area
  • Chamartín, Madrid, Community of Madrid, Spain

    Exclusive design homes in Chamartín

    €1,309,090

    • 1 Bedroom2 Bathrooms64 m² Living area22 m² Terrace surface
  • New

    Salamanca, Madrid, Community of Madrid, Spain

    Beautiful renovated exterior apartment with large terrace

    €1,309,000

    • 2 Bedrooms2 Bathrooms92 m² Living area16 m² Terrace surface
  • Centro, Madrid, Community of Madrid, Spain

    Distinguished property in Madrid historico

    €1,300,000

    • 3 Bedrooms2 Bathrooms187 m² Living area
  • Centro, Madrid, Community of Madrid, Spain

    Fantastic refurbished flat in Barrio de las Letras

    €1,300,000

    • 3 Bedrooms3 Bathrooms175 m² Living area
  • Centro, Madrid, Community of Madrid, Spain

    Exclusive property with garage in classic building in Cortes

    €1,300,000

    • 1 Bedroom1 Bathroom122 m² Total surface
  • Salamanca, Madrid, Community of Madrid, Spain

    Amazing penthouse in Recoletos

    €1,300,000

    • 1 Bedroom1 Bathroom91 m² Total surface232 m² Terrace surface
  • Retiro, Madrid, Community of Madrid, Spain

    Penthouse with terrace, pool and garage in Retiro

    €1,300,000

    • 3 Bedrooms2 Bathrooms225 m² Total surface102 m² Terrace surface
  • Chamberí, Madrid, Community of Madrid, Spain

    Wonderful refurbished penthouse in Almagro

    €1,300,000

    • 2 Bedrooms2 Bathrooms65 m² Living area20 m² Terrace surface
  • Hortaleza, Madrid, Community of Madrid, Spain

    Excellent Villa in Palomas

    €1,300,000

    • 5 Rooms5 Bathrooms380 m² Living area325 m² Plot surface
  • Centro, Madrid, Community of Madrid, Spain

    Fantastic property in the heart of Madrid

    €1,299,000

    • 4 Bedrooms4 Bathrooms128 m² Living area
  • Hortaleza, Madrid, Community of Madrid, Spain

    Excellent Villa in Palomas

    €1,298,000

    • 3 Bedrooms3 Bathrooms270 m² Living area300 m² Plot surface

Your shop

Engel & Völkers Madrid MMC

engel & völkers shop image

Provider:

EV MMC Spain, S.L.U.

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.

wavy pattern