Magnificent property for refurbishment on the Golden Mile

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.

Its north and south orientation provides maximum cross-light and luminosity from a very exterior fourth floor.

Rare opportunity to acquire an XL asset in a representative estate in an unbeatable location. In the most desirable heart of the mythical Golden Mile. Magnificent chassis, with enormous possibilities for refurbishment. A real luxury with option to personalise privately or from the property, price apart.

The property has infinite possibilities for refurbishment as it has no load-bearing walls. Its square floor plan, large floor space and high ceilings allow for multiple options to maximise luminosity and optimise circulation and distribution. The property offers an open-plan social area and three en-suite bedrooms plus a flexible bedroom and service area, price apart. New installations, thermal and acoustic insulation, concealed air conditioning and kitchen equipped with top of the range appliances. Noble materials throughout the property and oak wood flooring. The building is in very good condition, with favourable IEE of 2021.

The Recoletos district is always a safe investment, due to the high demand for this type of classic property in a representative estate. Acquiring a top-floor 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.