Exclusive house to be refurbished with magnificent views in Almagro

The property is located between the residential neighbourhood par excellence of Madrid, Almagro, and the most effervescent and desirable, at the gates of the Salesas and just a few metres from the Plaza de Paris. The Justicia district takes its name from the High Court of Justice, which is located next to other emblematic buildings such as the church of Santa Bárbara, the Salesas Convent, the Pachá hall, one of the few rationalist buildings in Madrid, the Palacio de Longoria (Sociedad de Autores), an icon of modernist architecture, the Palacio de Villagonzalo, and many more. The avant-garde commercial offer with fashion shops, restaurants and boutique hotels joins the intense cultural activity of its theatres and art galleries. Strolling along streets that have already become a must, such as Barquillo, Conde de Xiquena, Orellana, Fernando Sexto or Mejía Lequerica, the famous Plaza de la Villa de París, etc., is a real delight. The well-kept façades are reminiscent of a Parisian neighbourhood. This is Madrid’s trendiest neighbourhood par excellence and one of the most revitalised in recent years.

The orientation of the façade is south, and it receives all the sunlight from east to west, with unobstructed views and maximum luminosity.

Unique opportunity to acquire a representative property of more than 300 m2, pending renovation, to adapt it to personal tastes or to contract, at a separate price, the project of the property. Magnificent views in an impeccable building from the beginning of the 20th century and excellent location. A real luxury in the most residential and desirable area of the capital.

The project proposed by the property contemplates a redistribution of spaces to open up and communicate rooms and optimise fluid circulation. New installations, wooden floors and noble materials. Individual heating, concealed air conditioning, thermal and acoustic insulation, designer kitchen equipped with top of the range appliances, laundry in separate space and service area.

Acquiring a real estate asset of these characteristics in the Almagro/Justicia neighbourhood means assured profitability (one of the highest in the capital), and a good return on investment in the short/medium term. Real estate development is constantly growing as demand far outstrips supply, especially for this type of property for renovation on upper floors and representative estates, a very scarce asset.