Wonderful Property in Recoletos with High Profitability

Salamanca: Location and surroundings of this property

Recoletos is the prime area of the Salamanca neighborhood, the closest zone to El Retiro, and this property is located just steps away from the largest and most iconic park in Madrid. The Salamanca neighborhood is one of the most important areas in Madrid, known for its unique layout and the distinguished residents who have traditionally lived on its emblematic streets. Its construction dates back to the second half of the 19th century and was part of the urban expansion carried out during the reign of Isabel II. The neighborhood's namesake and mastermind was José de Salamanca y Mayol, the Marquis of Salamanca, a native of Malaga, who envisioned a new settlement with carefully designed buildings to house Madrid's aristocratic and bourgeois classes. Characterized by its 19th-century style, the area features a distinctive grid-like layout with perpendicular streets. The buildings in this neighborhood are of particular interest due to their architectural quality and the beauty of their facades. Traditionally, Salamanca was a residential area, primarily inhabited by the country's political and economic elites. In the past fifty years, this residential character has coexisted with other activities such as business, diplomacy, and particularly commerce, making it one of the most important luxury fashion districts in the capital. The Buen Retiro Park is the true centerpiece of this Madrid neighborhood, bordered by Calle de Alcalá and Calle O'Donnell to the north, Calle Doctor Esquerdo to the east, Avenida del Mediterráneo and Paseo de Reina Cristina to the south, and Calle Alfonso XII to the west.