Magnificent investment in Palacio District

Engel & Völkers is marketing this magnificent investment property in the heart of the city of Madrid, in the Palacio district, more specifically in Madrid de los Austrias. The property dates back to 1922 and is located on the first floor. It has 153 m2 of constructed area and a ceiling height of 3.5 metres, divided into three south-east facing flats. The property has an entrance hall of 4 m2, which leads to the three flats. On the left hand side, we have a flat of 75 m2. This flat is currently the jewellery workshop. It has a large room with 2 balconies, a hallway leading to the bathroom and the second room with another 3 balconies. This flat is in need of a renovation update. The second flat has a size of 25 m2, two balconies and a design reform to enter to live. It has a living/dining room with open plan kitchen, a bathroom and a bedroom. The third flat has a size of 40 m2 and with a design reform with all the furniture included. It has a living room with a balcony, two bedrooms, a kitchen and a bathroom.