Fantastic property with terraces to renovate in Recoletos

€4,800,000

4 Rooms
4 Bedrooms
5 Bathrooms
~390 m² Total surface
~390 m² Living area
~75 m² Terrace surface

Description

Engel & Völkers presents this outstanding property for renovation, located just a few metres from Retiro Park, in the very heart of the prestigious Recoletos neighbourhood. Situated in an impressive 1918 classical building, the property stands out for its elegant representative entrance hall, original cage lift, and concierge service. The apartment is notable for its generous proportions, 3.40-metre-high ceilings, and refined mouldings that add character and sophistication to every room. One of its most remarkable features is the exclusive access to and use of two magnificent interior courtyard terraces, totalling 75 sqm, offering a spacious, शांत and privileged outdoor area in the centre of the city. The property also includes a large storage room and offers a layout with multiple renovation possibilities, ideal for designing a bespoke residence to the highest standards. Undoubtedly, this is an exceptional opportunity to create a unique home in one of Madrid’s most sought-after locations. For further information or to arrange a viewing, please do not hesitate to contact us.

Features

PatioTerrace

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Nadege Martínez

Property ID: W-0475BC

Location: Salamanca, Madrid

Recoletos is the Prime area of the Salamanca neighborhood, the area closest to El Retiro and specifically this house is located steps away from the largest and most representative park in Madrid. The Salamanca neighborhood is one of the most relevant areas of Madrid both for its peculiar distribution and for the neighbors who have traditionally inhabited its emblematic streets. Its construction dates from the second half of the 19th century and corresponds to the urban expansion carried out during the reign of Isabel II. The precursor to whom it owes its name was the Malaga-born José de Salamanca y Mayol, Marquis of Salamanca, who conceived a new site with a careful construction that would house the aristocratic and bourgeois classes of Madrid. Of nineteenth-century style, it is characterized by its special regular distribution in the form of a checkerboard with perpendicular streets. Its buildings are of special interest thanks to their architectural quality and the beauty of their facades. Traditionally, Salamanca was a residential area, especially inhabited by the country's political and economic elites. In the last fifty years this residential character coexists with other activities such as business, diplomatic and especially commercial, as it is one of the most important luxury fashion areas of the capital. The Parque del Buen Retiro is the real protagonist of this neighborhood of Madrid that has its flanks in the Calles de Alcalá and O'Donnell in the north end, Doctor Esquerdo Street in the east, the Avenida del Mediterráneo and Paseo de Reina Cristina in the south and Alfonso XII Street in the west end.