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A magnificent property in need of complete renovation, with 3 balconies, in Justicia

€1,580,000
  • 5 Rooms
  • 5 Bedrooms
  • 3 Bathrooms
  • ~185 m² Total surface
  • ~185 m² Living area

Description

Engel & Völkers, a luxury estate agency, is delighted to present this magnificent 185 m² (according to the Land Registry) property, requiring complete refurbishment, with high ceilings of over 3.20 m in the heart of Madrid’s city centre. Its outdoor features include three south-facing balconies offering magnificent views of one of the main thoroughfares in the Justice district. The property occupies the second floor of the building, a gem from the last century built in 1908, with a lift and preserved in magnificent condition. The property is an extraordinary commercial proposition, both as a successful end product for personal assets and as a safe investment opportunity to adapt its spaces to your requirements, as it is currently undergoing a complete refurbishment. It stands out for its natural light, high ceilings and the versatility of its spacious rooms, which can be arranged according to your needs. It is sunny thanks to both the external balconies and the large windows overlooking the internal courtyards. Given the spaciousness of the rooms, you could organise the layout into large living and dining areas, 4 or 5 bedrooms, 4 bathrooms, dressing rooms and a kitchen with a utility room. A unique opportunity in the heart of the capital to design the home you’ve always wanted or to secure a successful investment property.
Features
BalconyElevatorFireplaceOpen view
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Engel & Völkers Madrid MMC

Your advisor: Maria Ruiz Garijo

Property ID: W-0498AY

Property details
  • Object type

    Flat

  • Condition

    Needs Rehabilitation

  • Rooms

    5

  • Bedrooms

    5

  • Bathrooms

    3

  • Floor

    2

  • Number of Floors

    5

  • Total surface

    ~185 m²

  • Living area

    ~185 m²

  • Usable surface

    ~185 m²

  • Flooring

    Laminate, Tiles

  • Building Restrictions

    None

Energy efficiency information
  • Construction year

    1908

  • Energy certificate available

    In progress

  • Type of heating

    Radiator

  • Energy source

    Decentral heating, Gas heating

Location: Centro, Madrid

The Justice district is one of the most attractive and iconic areas of the capital, it could be categorized as a castizo-chic neighborhood in full swing, where fashion boutiques, art galleries, cinemas and theaters, reputable restaurants, bohemian cafes, bistros, charming hotels, fusion markets, tapas bars, trendy nightclubs and cutting-edge commercial offerings are mixed. It takes its name from the Supreme Court, one of the references of the area along with the other enclave of international focus, the Plaza de Chueca. Buying in Justicia, both as a personal bet and as an investment, is to set a goal of success. Its excellent location, between the emblematic Gran Vía and the most contemporary meeting point that is Alonso Martínez, with the public transport service that makes it one of the best connected areas, make this location the most sought-after by locals and visitors alike. That wonderful mix that recalls the charm of Parisian neighborhoods with facades that evoke past centuries, along with the cosmopolitan lifestyle that make it a small Notting Hill, make this little piece of the city the perfect must. Let yourself be carried away by its streets and boulevards in walks that will infect you with a lifestyle that you don't want to let go of. Because this is where you want to stay. Because in no neighborhood more fashionable than Justicia - Chueca we all feel and know that we are from Madrid.

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