BUILDING FOR SALE

26003Residential

Madrid, Spain

Price

€7,000,000

* + agent intermediation fees payable by the buyer.

Description

Building for sale at Calle Bravo Murillo, 135, Madrid, a busy thoroughfare with visibility and proximity to transport, services and shops. The property, with 734 m² built on a 253 m² plot, is currently in full commercial use and is delivered free of tenants, which allows for immediate intervention and repositioning. Although it currently retains a commercial use, it offers significant potential for adding floors or changing use towards models such as coliving, hostel or hotel. Madrid's new regulatory framework encourages flexible accommodation and coliving, and the buildability rules for certain tertiary and lodging uses provide for coefficients of up to 1.6 m² built per m² of plot under specific conditions, opening a path to value creation both through rental or hospitality income and through capital appreciation. A versatile asset, delivered vacant and with full control of the project from day one, in a growing segment.

City: Madrid
Built Area: 734 m²
Plot Area: 253 m²
Energy rating: —