Impressive exterior apartment to renovate on the 5th floor in Recoletos, with terrace, parking space and storage room in the building.

Engel & Völkers presents a unique opportunity in Recoletos: an exterior-facing apartment on the fifth floor with a terrace, requiring a full renovation, with a large parking space in the building and a generously sized storage room—an increasingly rare combination in the heart of the neighborhood. This property stands out for its enormous potential and for bringing together all the elements that make the difference in today’s market: height, light, views, and comfort, in one of Madrid’s most exclusive locations. The apartment has a very square layout, allowing exceptional space optimization and multiple renovation possibilities to create a fully bespoke residence. It features several street-facing windows, including a pleasant terrace, perfect for enjoying al fresco dinners, family time, or simply taking in the prestigious Recoletos setting. Light is undoubtedly one of its main highlights. Thanks to its dual aspect, with south-facing orientation in the kitchen area, gallery, and two of the bedrooms, the home enjoys constant brightness throughout the day, along with open views over Ayala Street, particularly privileged from this height. The building offers all the conveniences of a representative property: -Doorman service Monday to Friday -Main lift and service lift And, as a distinctive added value, it includes: -Large parking space within the building itself, with access almost at street level, without steps, ensuring exceptional day-to-day convenience -Good-sized storage room, perfect for additional storage Overall, this is a property with everything needed to become an extraordinary home after renovation: prime location, height, light, terrace, parking, and storage—an authentic “complete package” in one of Madrid’s most exclusive areas. A unique opportunity to create a tailor-made home or an investment with great potential for appreciation in the heart of Recoletos.