Unique property with lots of charm in Malasaña

This neighbourhood is bordered by the streets of Princesa, Gran Vía, Fuencarral, Carranza and Alberto Aguilera. Widely known for being one of the trendiest neighbourhoods in Madrid, it is famous for its bars, vintage shops, bookshops, restaurants of the most diverse origins, street markets and history, which define the neighbourhood of Malasaña, which has a lot to offer and which was nothing more and nothing less than the icon of the mythical Spanish movida in the 70s and 80s, where bars like the Penta and Vía Láctea keep a large part of the contemporary history of the beautiful Malasaña. Historically, it represents Madrid’s resistance to the French occupation with characters such as Manuela Malasaña (after whom the neighbourhood is named), Daoiz y Velarde and emblematic locations such as the Plaza del Dos de Mayo. The property is located in the vicinity of the Gran Vía and Plaza de España, which is being redefined and is set to become one of Madrid’s most attractive hubs, with luxury hotels, cultural offerings, in a landscaped setting and with some of Madrid’s most representative buildings.

The property enjoys a west facing façade and very good luminosity.

Opportunity to acquire a classic home with a lot of charm, located in a privileged setting, for history lovers who are attracted by the most popular streets of Madrid and the buildings from the beginning of the 20th century, in the most authentic and effervescent Madrid, next to one of the latest real estate and conversion challenges of the capital, the Plaza de España. It has the attributes of classic homes and very good possibilities for adaptation, in one of the most desirable areas, where history and the most avant-garde commercial offer go hand in hand, the most effervescent centre.

The property is in good condition, pending updating at the buyer’s discretion. It retains some of the most sought after attributes of this type of property, such as high ceilings, melis pine flooring and original woodwork enhanced by stylish decoration. The building has passed the ITE favourably in 2023. The installation of the lift is already approved and with all licenses in order, about to be executed.

The Malasaña neighbourhood is always a safe bet, due to its high demand and the investment that has been made in recent times in the refurbishment and renovation of façades, streets and squares. This is a great opportunity to acquire a very unique property surrounded by history and with the investment potential of the new real estate investment in Plaza de España, one of the driving forces of the capital, which will increase the value of the whole area.