Pied à terre for refurbishment in Salesas

The Justicia neighbourhood takes its name from the High Court of Justice, which is located next to other emblematic buildings such as the Santa Bárbara church, 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 etc. and a wide range of cultural offerings such as the María Guerrero Theatre and the multitude of art galleries to be found in its streets.

The avant-garde commercial offer with fashion shops, restaurants and boutique hotels joins the intense cultural activity. Strolling through streets such as Almirante, Barquillo, Conde de Xiquena, Orellana, San Lucas, Fernando Sexto or Mejía Lequerica has become a must and 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 property is east facing and enjoys the best daylight hours of the day. It has good patios in the interior that give very good luminosity to the bedrooms.

Opportunity to acquire a perfect asset as a pied à terre or for profitability as it is located in the epicentre of the Salesas district, the most sought after area of the capital. It can be acquired in its current state or refurbished.

The property is in very good condition and is perfectly habitable. The property offers to update kitchen, bathrooms, carpentry and finishes or sell it in its current state. The distribution would not need to be touched, just open the kitchen to the social area, and the existing installations such as ducted air conditioning are perfectly operational.

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.