Property to renovate with garage in Palacio

Engel & Völkers presents this magnificent property with three large balconies, located in the heart of Madrid’s historic Habsburg district. Set in a well-maintained contemporary building dating from 1990 in the distinguished Palacio neighbourhood, it benefits from an on-site resident concierge.

The property’s condition allows the future owner to adapt it to their own taste and needs.

Currently, the property comprises a spacious living-dining room, a large separate kitchen with a laundry area, leading to a small outdoor patio. It has three double bedrooms, one with an en-suite bathroom, as well as a second bathroom. All rooms feature spacious floor-to-ceiling wardrobes, in addition to a practical coat closet. The property also includes a parking space in the same building and a storage room for communal use.

The building stands on the site of the former Convent of the Bernardine Recollects of the Blessed Sacrament. Of the 17th-century monastic complex, only the church—now the adjacent Military Cathedral—and the area known as the Nuns’ Garden have survived. The latter forms part of the property’s communal areas and is accessed from the building: a small oasis in the middle of the city.

In short, an exceptionally attractive property both for investors and for those wishing to live in Madrid’s historic centre, just a few minutes’ walk from the capital’s main points of interest and very close to green areas and open spaces.