Fantastic property to renovate in Recoletos

€4,500,000

4 Rooms
4 Bedrooms
4 Bathrooms
362 m² Total surface
280 m² Living area
55 m² Terrace surface

Description

Engel & Völkers presents this spectacular property to renovate, located just a few meters from the Retiro Park, in the heart of Recoletos. Situated in a majestic classic building from 1918, with an impressive entrance, elevator, and concierge service, on one of the most prestigious streets in the neighborhood. The property stands out for its spaciousness, with 3.40-meter-high ceilings adorned with magnificent moldings and an unbeatable location. Additionally, the property includes exclusive access and use of an impressive 55-square-meter interior terrace, perfect for outdoor enjoyment in an exclusive setting. The home is also complemented by a large storage room and a parking space in the building's garage. The current layout offers great renovation potential. Without a doubt, this is an exceptional opportunity in one of the most sought-after neighborhoods in Madrid.

Features

PatioTerraceElevator

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Nadege Martínez

Property ID: W-02XNW7

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.