Living in a classic in Recoletos prime

The Salamanca – Recoletos neighbourhood is characterised by its wide streets and elegant buildings. It also stands out for its stately facades, which make Madrid one of the most European capitals in terms of classical and avant-garde architecture. The Salamanca neighbourhood is undoubtedly one of the most elegant and prestigious residential areas on the European continent. Created in the mid-19th century by the marquis after whom it is named, over the years it has been home to the most illustrious personalities and the most prestigious shops in the city, both international designers and Spanish haute couture boutiques. Just by walking one square kilometre of the so-called Golden Mile, you have the biggest and most important fashion, decoration and jewellery firms within your reach. An exclusive shopping area that can be identified with the Fifth Avenue in New York or the Faubourg Saint-Honoré in Paris and some of the most important museums in the capital, such as the one located in front of the property, whose gardens can be enjoyed from the main façade. The proximity of the Retiro Park gives this area of Recoletos an added value compared to the Salamanca neighbourhood.

The property has a double orientation, west on the front facade and east on the rear facade, which overlooks a future garden in the near future.

Unique opportunity to acquire a palatial property in a protected building exempt from IBI, with unbeatable location. More than 400 m2 ready to move in, after an easy update as the property was refurbished a few years ago with very good qualities and installations. The distribution is already adapted to today’s life, with ample communicated spaces, four comfortable bedrooms, large kitchen with service area and imposing hall. The advantage of having the two communal areas planned to be landscaped in the building is truly unique and singular.

The property is in need of an easy facelift as long as the layout is adapted to the buyer’s needs. The project was executed a few years ago with very good qualities and the distribution works well for a family, with four bedrooms en suite and service area. It has thermal and acoustic insulation, fine materials, wooden and marble floors, individual heating and ducted air conditioning, the building is in perfect condition, with a favourable ITE of 2020 and an ambitious project of refurbishment of the rear garden area and roof terrace is going to be carried out.

The Recoletos neighbourhood is always a safe investment, due to the high demand for this type of classic property in a protected representative estate, as opposed to the very limited supply. Acquiring an XL asset in this neighbourhood means having a safe, unique and singular real estate asset that does not suffer the market fluctuations that can affect other areas.