RESIDENTIAL BUILDING (11 HOMES, 2 COMMERCIAL UNITS)

26008Residential

Madrid, Spain

Price

€9,500,000

* + agent intermediation fees payable by the buyer.

Description

Building for sale at Calle Esparteros, 13, in the very centre of Madrid, next to Puerta del Sol and in one of the city's highest-demand and fastest-appreciating areas. This is a distinguished property with a classical façade, original wooden entrance doors and frescoed ceilings, a unique piece in the area. With a total area of 2,664 m², the building comprises two commercial premises with two cave-style basements, delivered vacant, eight exterior-facing homes, three attic flats and a 165 m² storeroom on the fifth floor. There is no lift. The tenancy situation is mixed: both commercial units and several homes are vacant, other units are let on annually renewing contracts and two remain under old rent-controlled leases. An ideal scenario for an investor with a vision for progressive repositioning. Two purchase options are offered: 83.33% of the building (excluding two homes) or 91% (excluding only one).

City: Madrid
Built Area: 2,664 m²
Plot Area: 434 m²
Energy rating: —