Flat in Madrid, Salamanca - Recoletos, for sale

Description

Apartment to refurbish with south orientation in a representative building in Recoletos

Located in the exclusive Salamanca – Recoletos neighborhood, one of Madrid’s most prestigious and sought‑after residential areas, this apartment to refurbish offers outstanding potential in a high‑value urban and architectural setting. Positioned on the fifth exterior floor, the property combines generous space, natural light and remarkable scope for customization.

The apartment features a total surface of 240 sqm, providing an ideal canvas to design a tailor‑made residence adapted to different lifestyles and personal preferences. The property is currently presented as a true blank slate, perfect for a comprehensive renovation project that maximizes its dimensions, ceiling height and orientation.

The apartment is housed within a representative building dating back to 1928, which retains the elegance and architectural character of its era, offering a distinguished presence and structural elements that add identity and long‑term value. Street‑facing windows and southern orientation ensure abundant natural light throughout the day, resulting in bright, warm and inviting interiors.

Thanks to its size and layout, the property offers a wide range of redistribution possibilities, allowing for expansive social areas, generously proportioned bedrooms, private living spaces and well‑defined service areas. The renovation project can be conceived either as a refined family residence or as a representative home in one of Madrid’s most prestigious districts.

Recoletos is renowned for its stately architecture, tree‑lined streets, proximity to green spaces, world‑class museums, iconic boutiques and an exceptional dining scene. These qualities make the area one of the most desirable locations for both national and international buyers, with consistently strong demand.

This property represents a rare opportunity to create a unique home within a characterful building, on a high floor, with south‑facing orientation, and in one of Madrid’s most coveted neighborhoods. An exceptional investment in location, quality and long‑term potential.

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ADDITIONAL INFORMATION FOR THE BUYER:

In accordance with current regulations, the buyer is informed that they must bear the costs associated with the purchase, which include, for indicative purposes, the Property Transfer Tax (I.T.P.), currently set at 6% of the final transaction value. In addition, the buyer shall be responsible for notary and land registry fees, the final amount of which will depend on the notary chosen and the specific characteristics of the deed. The payment of the Property Tax (I.B.I.) shall be made in accordance with the agreement expressly reached between the seller and the buyer at the time of completion.

Details

• Type: Flat
• Transaction: For sale
• Province: Madrid
• Town: Madrid
• Area: Salamanca - Recoletos
• Bedrooms: 5
• Bathrooms: 4
• Constructed area: 240 m²
• Type of property: Re-sale
• Energy certification (consumo): E
• Energy certification (emisiones): E

Extras

• Floor: 5º
• Exterior: Yes
• Built Year: 1928
• Nº Toilets/Shower: 1
• Orientation: South
• Storage room: Yes
• Lift: Yes
• Stories: 8
• Flat per storey: 2
• Building condition: Good condition
• Shutters: Yes
• Security guard: Yes

Description

Apartment to refurbish with south orientation in a representative building in Recoletos

Located in the exclusive Salamanca – Recoletos neighborhood, one of Madrid’s most prestigious and sought‑after residential areas, this apartment to refurbish offers outstanding potential in a high‑value urban and architectural setting. Positioned on the fifth exterior floor, the property combines generous space, natural light and remarkable scope for customization.

The apartment features a total surface of 240 sqm, providing an ideal canvas to design a tailor‑made residence adapted to different lifestyles and personal preferences. The property is currently presented as a true blank slate, perfect for a comprehensive renovation project that maximizes its dimensions, ceiling height and orientation.

The apartment is housed within a representative building dating back to 1928, which retains the elegance and architectural character of its era, offering a distinguished presence and structural elements that add identity and long‑term value. Street‑facing windows and southern orientation ensure abundant natural light throughout the day, resulting in bright, warm and inviting interiors.

Thanks to its size and layout, the property offers a wide range of redistribution possibilities, allowing for expansive social areas, generously proportioned bedrooms, private living spaces and well‑defined service areas. The renovation project can be conceived either as a refined family residence or as a representative home in one of Madrid’s most prestigious districts.

Recoletos is renowned for its stately architecture, tree‑lined streets, proximity to green spaces, world‑class museums, iconic boutiques and an exceptional dining scene. These qualities make the area one of the most desirable locations for both national and international buyers, with consistently strong demand.

This property represents a rare opportunity to create a unique home within a characterful building, on a high floor, with south‑facing orientation, and in one of Madrid’s most coveted neighborhoods. An exceptional investment in location, quality and long‑term potential.

-
ADDITIONAL INFORMATION FOR THE BUYER:

In accordance with current regulations, the buyer is informed that they must bear the costs associated with the purchase, which include, for indicative purposes, the Property Transfer Tax (I.T.P.), currently set at 6% of the final transaction value. In addition, the buyer shall be responsible for notary and land registry fees, the final amount of which will depend on the notary chosen and the specific characteristics of the deed. The payment of the Property Tax (I.B.I.) shall be made in accordance with the agreement expressly reached between the seller and the buyer at the time of completion.