Magnificent exterior apartment to renovate with three balconies onto Ibiza Street

Located on Ibiza Street, in one of Madrid’s most sought-after areas, this spacious exterior apartment stands out for its excellent location, next to the iconic Retiro Park and with privileged side views of the park. The property, on a first floor with south-facing orientation, has 190 m² built area according to the title deeds, offering the possibility of a layout with 4 bedrooms and 4 bathrooms (two of them en suite). It has three exterior balconies overlooking Ibiza Street, providing magnificent natural light throughout the day and pleasant unobstructed views. The property requires a full renovation, representing an excellent opportunity to design a bespoke home in a prime location. The building is in very good condition, has two elevators, concierge service Monday to Friday, and a parking space with direct access from the building. The Building Technical Inspection (ITE) is favorable, with the next inspection scheduled for 2034. An ideal property both as a main residence and as an investment, in one of Madrid’s most in-demand areas, with all services, shops, and excellent transport links just steps away.