Engel & Völkers
New

Spectacular opportunity for living or for investors

€499,000
  • 2 Rooms
  • 2 Bedrooms
  • 2 Bathrooms
  • ~118 m² Total surface
  • ~112 m² Living area

Description

Engel & Völkers presents this exclusive property, easily convertible into a residence or a high-yield investment property, very close to Paseo de la Castellana and just steps from Plaza Castilla, in a central area with the greatest growth and short- and medium-term potential in Madrid. It stands out for its brightness thanks to a spacious and open-plan layout of 112 m2 of living space. It is ready to move into or, given its excellent potential, could be converted into a co-living space with several rooms and shared social areas. It is a street-level commercial space with multiple possibilities. It features two good-sized bedrooms, built-in wardrobes, two full bathrooms, one of them en suite, a large equipped kitchen, and a spacious living room, library, and dining area. All within a refined and tasteful architectural design. The entire property has hardwood floors, air conditioning and heating with a heat pump, a security door, and a private patio. Take advantage of this exceptional opportunity. Convert these premises into a home or, if you are an investor, into apartments to generate a high return on investment in a property located in one of the most vibrant areas of Madrid.
Features
Air-conditioningBuilt-in kitchenSecurity system
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Engel & Völkers Madrid MMC

Your advisor: Emilio Vilela

Property ID: W-030IVX

Property details
  • Object type

    Flat

  • Condition

    Very good

  • Rooms

    2

  • Bedrooms

    2

  • Bathrooms

    2

  • Number of Floors

    3

  • Total surface

    ~118 m²

  • Living area

    ~112 m²

  • Usable surface

    ~112 m²

Energy efficiency information
  • Construction year

    1964

  • Energy certificate available

    In progress

Location: Tetuán, Madrid

The property is located just steps from Paseo de la Castellana and the Cuatro Torres Business Area, Madrid's business district, home to national and international companies, embassies and consulates, as well as the IE Business School, which attracts thousands of students from around the world. The surrounding area offers a wide variety of restaurants, shops, schools and universities, hospitals, parks and sports facilities, hotels, and shopping centers. Nearby is the KIO Towers and Plaza Castilla hub, which connects several Metro lines, as well as the bus terminal and the ALSA bus station. The Chamartín AVE high-speed train station, providing connections to destinations throughout Spain, is also within easy reach. Real Madrid's Santiago Bernabéu Stadium and the AZCA business district are just 2 km away, and Madrid-Barajas Airport is a 10-minute drive or taxi/Uber ride. All of this is within the perimeter of the major urban development project, Madrid Nuevo Norte, a transformation of the area encompassing more than 2 million square meters. Construction began in June 2025 with the creation of the new Parque Castellana, located just a few meters from the property: a large central park of 70,000 m² featuring green spaces, playgrounds, an urban forest, climate shelters, and amphitheaters. The Madrid Nuevo Norte project also includes the complete renovation of Chamartín Station, which will double its capacity for high-speed trains. This is an excellent option for living or as an investment due to its enormous profitability potential, in the area where the largest urban development project in Europe is being developed: Madrid Nuevo Norte.

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