Investment opportunity with garage in Palacio

Engel & Völkers presents this magnificent property with three bay windows, located in the heart of Madrid’s historic Habsburg district. Situated in a very well-maintained contemporary building dating from 1990, in the distinguished Palacio neighborhood, with a live-in concierge service, the property’s current condition will allow its future owner to adapt it to their taste and needs.

The property currently 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 of them with an en-suite bathroom, as well as a second bathroom. All rooms have spacious floor-to-ceiling wardrobes. The property also includes a communal storage room and a parking space in the same building.

The building stands on the site of the former Convent of the Recoletas Bernardas of the Most Holy Sacrament. Of the 17th-century monastic complex, only the church—now the Military Cathedral—and the area known as the Nuns’ Garden have survived. The latter forms part of the property’s communal areas and can be accessed from the building.

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