LANDMARK BUILDING TROPHY ASSET

Description

Landmark building at Calle Mayor 6, in the very heart of Madrid's historic centre. Built in 1924 by the architect Manuel Álvarez Naya for the Duke of Las Torres, it is an example of French-inspired eclecticism and houses the Pasaje Pleyel, the work of the Belgian firm Leon Monnoyer et fils, in the style of the Central European shopping arcades of the period. An asset of incalculable historical and cultural value. The property totals 12,350 m² of built area on a 1,591 m² plot, with 103 units and horizontal division already in place; 100% of the property is for sale. Current use: offices, commercial premises and miscellaneous spaces. The ground-floor commercial units, fronting Calle Mayor, are 100% let and generate income from day one, mostly on annually renewable leases; the main unit is occupied by a theatre under a lease running until 2027. It holds a hotel licence already granted and also allows residential use. Very high repositioning potential: hotel, large prime residential units, sale by individual units or a mixed residential, commercial and cultural model.

City

Madrid

Built Area

12,350 m²

Plot Area

1,591 m²

Energy rating

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