Commercial for sale in Embajadores, Madrid city, Madrid

We present an exceptional opportunity for investors in one of the most emblematic and central areas of Madrid: the Embajadores district. This building, which offers great potential after a renovation, is a few steps from Ventorrillo and close to iconic places such as La Latina, the Mercado de la Cebada, the Calderón Theater and Puerta del Sol.

Building Details
Construction: Building constructed in 1980.
Total Area: 2041 m2.
Structure: Ground floor + 4 floors.
Composition: 3 commercial premises and 26 homes.
Current Condition: Mostly tenant-free, with some exceptions:
1st A: 87-year-old tenant with rent of €51.81 per month (no subrogation rights).
3rd D: Tenant born in 1937, pays €67.16 per month (no subrogation rights).
Licenses: It has a building license and residential license, as well as a simple note and project plans.
Progress of Works: Currently, works are 40% complete.
Important Considerations
Building Condition: It is in poor condition, so potential buyers are required to sign an indemnification letter before visiting the property.
Price:
Current Price: €13,000,000 (Status as of 14-01-25).
Turnkey Price: €21,000,000.
This property represents a magnificent investment in an area with growing demand, ideal for residential or commercial developments, given its strategic location and the possibility to renovate a building with history. Do not miss the opportunity to acquire this property in the heart of Madrid!

In the case of two or more interested clients, the highest economic offer will be considered, conditioned to the choice and acceptance of the property. Even if the aforementioned offer exceeds the price set in this announcement.

Availability and price of the property may vary without prior notice.