Investment opportunity at Salamanca district

€1,400,000

10 Rooms
10 Bedrooms
3 Bathrooms
~379 m² Total surface
~379 m² Living area
~90 m² Terrace surface

Description

Engel & Völkers presents this magnificent investment opportunity: a two-storey apartment located only 200m away from Manuel Becerra Square and Eva Perón Park, one minute away from the Manuel Becerra bus interchange and the Manuel Becerra and Ventas subway stations. It is located in one of Madrid’s most emblematic and commercial streets. This property offers a buy-to-let opportunity with good returns or, on alternatively, a spacious house to live in in the center of Madrid with a patio and a garden. The yield obtained from its 10 rooms would be immediate as it would mean continuing the current exploitation of the property without having to make any additional investment. The property has recently been renovated and has three bathrooms and a large kitchen with dining room. The income obtained from this investment may increase in the future due to the upward trend of the market and the lack of supply currently offered in the center of Madrid. The option as a residence is unique: almost 290 sq.m distributed into two floors, the possibility of having a wide and cozy terrace, and with many redistribution options. We are looking at a representative building with a prominent facade and good portal, concierge, and the ease of acquiring or renting parking spaces a few meters away.

Features

Built-in kitchenGardenPatioTerrace

Engel & Völkers Madrid MMC

+34 91 277 4500

Your advisor: Maria Contenente

Property ID: W-047GIW

Location: Salamanca, Madrid

Salamanca district is one of the most noteworthy areas in Madrid, thanks to both its layout and the neighbors that dwell its emblematic streets and avenues. Built in the second half of the 19th century, the borough corresponds to the architectural expansion carried out under Isabell II reign. The district name derives from the forerunner José de Salamanca y Mayol, Marquis of Salamanca, who designed a new location with exquisite buildings that would host aristocrats and the bourgeoisie. With a very characteristic 19th century-style, Salamanca district is characterized by its checker-type distribution and perpendicular avenues. The buildings' architecture and façades are among some of the most interesting ones in the capital. Salamanca historically acted as the residential area for the politic and economic elite of the country. In the past fifty years, however, this residential character coexists with other activities including business, diplomacy, and, particularly, commercial premises. The area is one of the most important fashion hubs in the capital. Guindalera is one of the neighborhoods belonging to the Salamanca district, delimited by Avenida de América, Francisco Silvela, Alcalá streets and the M-30 highway. This area, excellently communicated given its extension, has two of the most important parks: The Park of Breogán and Eva Duarte, which make it a very commercial and residential area. Guindalera was known as modern Madrid, Madrid's colony of terraced buildings of modernist style built during the period of 1890 -1906.