Recoletos is one of the six neighbourhoods into which the Salamanca district of Madrid is divided. Located next to El Retiro Park, this neighbourhood is home to important buildings such as the National Library, the National Archaeological Museum and the Church of San Manuel and San Benito. It is also an important shopping area for luxury goods, with iconic streets such as Serrano and its surrounding streets. Its stately buildings, its proximity to El Retiro Park and its commercial offer make this neighbourhood one of the most sought-after in Madrid.
This property enjoys a south facing façade, and enjoys maximum luminosity from the fourth floor.
Unique opportunity to acquire a classic flat on the fourth floor, with very good possibilities for refurbishment, located in a representative building, in very good condition, with storage room and porter’s lodge.
The property has a very good chassis to recreate an avant-garde space in classic surroundings, as it preserves the attributes of this type of 1900’s housing, ceilings of more than three metres, mouldings and original stained glass windows. We propose to bring the kitchen closer to the social area, which is proposed as an open-plan space, open to the south-facing façade, to maximise luminosity and three en-suite bedrooms.
The building is in a perfect state of conservation, with a representative refurbished entrance hall, updated communal areas and a favourable ITE in 2020.
The Recoletos neighbourhood is always a safe investment, due to the high demand for this type of property, in classic buildings. Acquiring a high-rise flat in the vicinity of El Retiro Park means having a secure real estate asset that does not suffer from the general market fluctuations that can affect other areas. A very stylish property and a magnificent investment.