Cozy renovated apartment with three balconies in Palacio

€479,000

1 Room
1 Bedroom
1 Bathroom
74 m² Total surface
74 m² Living area

Description

Engel & Völkers presents this cozy and bright renovated apartment, an excellent investment opportunity in one of the best areas of the Palacio district. The apartment is rented and its profitability is near 4%. Located on the second floor of a building that was rehabilitated in 2004, it features an outdoor pool, gym, and communal terrace. In addition to its fantastic location, this apartment has 74 square meters, a northwest orientation, and three balconies facing the street that provide plenty of natural light, creating a warm and welcoming atmosphere. It is distributed in a spacious living-dining room with two balconies and a fully equipped semi-integrated kitchen, a beautiful bedroom with a balcony, and a full bathroom with a bathtub. The apartment has individual heating by natural gas and ducted air conditioning. Its unbeatable location in the heart of historic, monumental, and cultural Madrid, along with its beautiful design and great profitability, make this apartment perfect for investors looking for a cozy home in the center of Madrid.

Features

Air conditionBalconySecurity systemSwimming poolElevatorGym

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Ivy Caldera

Property ID: W-02WPY9

Location: Centro, Madrid

The property is located near Gran Via and Santo Domingo Plaza. Its location is fantastic and takes advantage of all the cultural, leisure and shopping advantages that can be found in the center of a great city like Madrid. The area has the most varied offer of traditional and cosmopolitan stores in Madrid. When leaving home and without the need to use public or private transportation, we find all the gastronomic richness represented by the best restaurants and traditional bars, as well as a great cultural offer of the city. Its proximity to Gran Via and Puerta del Sol allows us, in a walk, to reach the most important commercial area of the country. Communications are excellent: Several metro stops, train lines (Cercanias), buses and cab rank very close. Nearby subway stops: Santo Domingo (Line 2), Opera (Lines 2 and 5), Plaza de España (Lines 2, 3 and 10) and Sol (Lines 1, 2 and 3). Buses 1, 133, 146, 147, 32 and 35 and Night Buses: N18, N19, N20 and N21.

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.