Property to renovate in Velázquez

€5,500,000

6 Rooms
6 Bedrooms
4 Bathrooms
502 m² Total surface
473 m² Living area

Description

Engel & Völkers is pleased to present this bright property for renovation, located just steps away from Retiro Park, in the heart of the prestigious Recoletos neighborhood. Situated on the ground floor of a historic 1916 building, this property stands out for its prime location, abundant natural light thanks to its 11 exterior balconies and high ceilings. It also features an independent service entrance, offering the possibility for space segregation. The building includes a physical concierge for added convenience. Additionally, the property is exempt from property tax (IBI) as the building is classified as having integral protection. Do not hesitate to contact us to arrange a visit and discover the potential of this magnificent property.

Features

Air conditionBalconyBasementElevatorBuilt in wardrobeGuest toilet

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Nadege Martínez

Property ID: W-02Y37X

Location: Salamanca, Madrid

Recoletos is the Prime area of the Salamanca neighborhood, the area closest to El Retiro and specifically this house is located steps away from the largest and most representative park in Madrid. The Salamanca neighborhood is one of the most relevant areas of Madrid both for its peculiar distribution and for the neighbors who have traditionally inhabited its emblematic streets. Its construction dates from the second half of the 19th century and corresponds to the urban expansion carried out during the reign of Isabel II. The precursor to whom it owes its name was the Malaga-born José de Salamanca y Mayol, Marquis of Salamanca, who conceived a new site with a careful construction that would house the aristocratic and bourgeois classes of Madrid. Of nineteenth-century style, it is characterized by its special regular distribution in the form of a checkerboard with perpendicular streets. Its buildings are of special interest thanks to their architectural quality and the beauty of their facades. Traditionally, Salamanca was a residential area, especially inhabited by the country's political and economic elites. In the last fifty years this residential character coexists with other activities such as business, diplomatic and especially commercial, as it is one of the most important luxury fashion areas of the capital. The Parque del Buen Retiro is the real protagonist of this neighborhood of Madrid that has its flanks in the Calles de Alcalá and O'Donnell in the north end, Doctor Esquerdo Street in the east, the Avenida del Mediterráneo and Paseo de Reina Cristina in the south and Alfonso XII Street in the west end.

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.