Property for renovation with 3 balconies overlooking the Teatro Real
€1,900,000
- 4 Rooms
- 3 Bedrooms
- 4 Bathrooms
- ~242 m² Total surface
- ~212 m² Living area
Description
Engel & Völkers presents this magnificent property for renovation, featuring three south-facing balconies and located in the heart of Madrid de los Austrias. Set within a beautifully preserved classic building dating from 1880, on one of the premium streets of the Palacio neighbourhood, the property enjoys spectacular views of the Teatro Real and the Royal Palace.
Upon entering, a spacious hall leads us to the right into the living and dining room, a light-filled space illuminated by the natural light that pours in through its three balconies. Its generous proportions allow for the creation of several distinct living areas. Thanks to the property’s elevated position within the building, this room offers unique views as well as a remarkable sense of privacy.
Returning towards the entrance, we find an area designed to accommodate a gym space with an en-suite bathroom. Continuing along a particularly bright corridor, which opens onto an interior courtyard, we reach the sleeping area, where the property’s three bedrooms would be located. Each bedroom would feature a spacious en-suite bathroom and dedicated floor-to-ceiling wardrobe areas offering excellent storage capacity. This same section also includes the kitchen and laundry area, all of which are exterior-facing.
This is a property with exceptional potential, allowing its future owner to create a bespoke project tailored to their needs and equipped with every modern comfort, all within a historic residential setting.
Its location makes it highly attractive both for investors and for those wishing to live in the heart of Madrid’s historic centre, just a few minutes’ walk from some of the capital’s main landmarks, while remaining close to open green areas and spacious urban surroundings.
Air-conditioningBalconyPatioSecurity systemElevatorGuest toiletGym
Property details
- Object type
Flat
- Rooms
4
- Bedrooms
3
- Bathrooms
4
- Floor
5
- Total surface
~242 m²
- Living area
~212 m²
- Flooring
Wooden floor
Energy efficiency information
- Construction year
1880
- Energy certificate available
In progress
- Type of heating
Radiator
- Energy source
Decentral heating
Location: Centro, Madrid
The property is located just a few metres from the Teatro Real, on one of the most beautiful streets in Madrid de los Austrias. Surrounded by stately buildings such as the Teatro Real itself, the Royal Palace and Almudena Cathedral, the area also offers green spaces and open views, giving it an exceptional quality of life.
Its excellent location is served by several bus and metro lines, as well as numerous taxi ranks. The neighbourhood offers a wide range of shops and services, with a predominance of traditional establishments that still preserve the essence of its past. It also benefits from a strong hotel offering, where luxury hotels coexist with more affordable options.
The gastronomic scene follows the same pattern, combining more traditional venues with restaurants offering a more international profile. A pleasant walk from the property allows residents to enjoy some of the city’s main cultural landmarks, including Almudena Cathedral and the Royal Palace, the museum offering of the Royal Collections Gallery, and the history of squares such as Plaza de la Villa, Plaza de Oriente and Plaza de Ramales.
In short, an unbeatable location from which to enjoy historic Madrid.
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Engel & Völkers Madrid MMC
Provider:
EV MMC SPAIN, S.L.U.
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