Engel & Völkers
Bright, open living room with a blue pool table on a red rug. White sofas and green curtains add color. Chandelier overhead.

Premiun profitable property with immediate return

€1,295,000
  • 3 Rooms
  • 3 Bedrooms
  • 2 Bathrooms
  • ~160 m² Total surface
  • ~160 m² Living area

Description

Engel & Völkers presents this luxurious exterior property on Paseo de la Castellana. A newly renovated seventh floor flat, elegantly and stylishly furnished in a prime area of Madrid. Ideal for high-profile rentals. Just a few steps away from the Cinco Torres Business Area, where large companies, embassies and thousands of international students with high purchasing power from Europe, the US and Latin America arrive every year to study at the Instituto de Empresa (IE). Property with high returns. The new owner will receive rental income from the moment of purchase. Previous and current contracts are available for genuinely interested buyers. Upon entering, we find a large, bright living room with several areas and access to two terraces with views of Paseo de la Castellana, Cinco Torres and the Sierra de Madrid. The living room has a pool table, Le Corbusier armchairs and sofa, glass dining table and reading area with a Charles Eames armchair. It has three bedrooms, two with double beds and one with two single beds, all with wardrobes. A full bathroom with a hydromassage shower and a guest bathroom. The kitchen is fully equipped with Siemens appliances and opens onto a bright, enclosed gallery with a clothesline, gym and wardrobes for seasonal clothing. Individually controlled central heating, air conditioning and designer ceiling fans in all three bedrooms with summer/winter system. Double-glazed windows for optimal thermal and acoustic insulation. Pine wood parquet flooring and high-security front door. The property has a state-of-the-art alarm system. The building has internal security cameras.
Features
Air-conditioningBalconyBuilt-in kitchenSecurity systemGuest toiletMountain viewOpen viewFurnishedWheelchair accessible
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Engel & Völkers Madrid MMC

Your advisor: Emilio Vilela

Property ID: W-02OQR1

Property details
  • Object type

    Flat

  • Condition

    Top

  • Rooms

    3

  • Bedrooms

    3

  • Bathrooms

    2

  • Floor

    7

  • Total surface

    ~160 m²

  • Living area

    ~160 m²

  • Usable surface

    ~160 m²

  • Flooring

    Parquet

Energy efficiency information
  • Construction year

    1974

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Type of heating

    Radiator

  • Energy source

    Central heating

Location: Tetuán, Madrid

The property is located on Madrid's most iconic street. Paseo de la Castellana runs across the city from north to south, hosting all kinds of events such as the military parade on 12 October, the Vuelta a España cycling race, the Madrid Marathon, and many others. Supermarkets, pharmacies, cafés and luxury restaurants such as Casa Nemesio are just a few metres away. The Real Madrid Santiago Bernabéu stadium is just 2 km away. The AZCA area is a short distance away and Madrid Barajas Airport is only 10 minutes away by taxi/Uber. Parking spaces can be rented in the surrounding area, although it is easy to park on the street as there are always spaces available. Carsharing vehicles are usually available a few metres from the building. Very close to the property are two Metro stations (Plaza Castilla and Begoña), as well as the Plaza Castilla central bus station and the Chamartín long-distance AVE train station, which connects to the rest of Spain. The prestigious La Paz Hospital in Madrid is very close to the property. All this within the perimeter of the impressive Madrid Nuevo Norte urban development project. A transformation of the area covering more than 2 million square metres. Work began in June 2025 with the creation of the new Castellana Park, located just a few metres from the property: a large central park covering 70,000 m² with green areas, playgrounds, an urban forest, weather shelters and amphitheatres. The Madrid Nuevo Norte project includes the complete renovation of Chamartín Station, which will double its capacity for high-speed trains. A unique, high-end property with immediate and consistent returns of 3%. An investment with enormous potential for appreciation due to the consolidation of the largest urban development project currently underway in Europe: Madrid Nuevo Norte.

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