Magnificent classic house for refurbishment in Salesas

The Justice 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 Convent of Las Salesas, the Sala Pachá, 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 through 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 property is west and it has good luminosity in the interior area through its patios.

Opportunity to recreate a modern and personalised space in a classic home with great possibilities. Large spaces and high ceilings in an enclave of great demand. The best location in Salesas Prime. A safe and sustainable value in constant growth.

It can be acquired in its current state and the reform can be tackled individually or the project proposed by the property can be contracted at a separate price.

The property proposes an ambitious refurbishment to return the property to its original category with the current standards, large communicated spaces, brightness, new installations and noble materials, wooden floors, hidden air conditioning and a practical and comfortable distribution, with a large hall and three bedrooms en suite, which can also be approached individually.

The building is in very good condition with favourable ITE of 2021.

Acquiring a real estate asset of these characteristics in the area of Salesas, in Justicia, translates into assured profitability (one of the highest in the capital), and a good return on investment in the short/medium term. Especially in certain streets, the evolution is sustainable over time, they are very consolidated and demand far exceeds supply.