Flat for sale in Recoletos, Madrid city, Madrid

Renovation Opportunity in a Classic 1920s Building in Recoletos
This exclusive property is located on one of the most emblematic and sought-after streets in the prestigious Recoletos neighborhood, the aristocratic heart of the Salamanca District. Situated in a classic building dating back to 1920, the apartment retains the elegance and character of early 20th-century Madrid architecture, offering a noble foundation for a luxury renovation project. Its location is truly unbeatable, just steps from the Golden Mile and Retiro Park, guaranteeing not only an exceptional quality of life but also the security of an investment in the most resilient real estate asset in the capital.

As for its technical characteristics, the apartment stands out for its east-facing orientation and its exterior-facing nature, ensuring magnificent natural light in the mornings, enhancing every corner of the floor plan. Currently, the property boasts a classic balcony that offers a direct connection to the elegant Recoletos neighborhood, providing that sought-after added value in period buildings. With generously sized ceilings and a structure that allows for the restoration of original features, the property presents itself as a piece with soul, waiting to be transformed into a contemporary, high-end residence.

The current layout comprises five rooms and a bathroom, offering great potential for redistribution to suit the new owner's needs. As it requires complete renovation, the floor plan allows for the design of a modern open-plan concept or the maintenance of a classic layout, depending on preference. It is the perfect blank canvas for designing a bespoke home, where suites with dressing rooms, spacious social areas, and designer kitchens can be integrated, maximizing the use of square footage and the natural light that floods the entire exterior facade.

Acquiring this property in Recoletos represents a unique opportunity for both end clients seeking a personalized residence and investors looking for an asset with high appreciation potential. The neighborhood boasts unparalleled amenities, surrounded by the world's most exclusive boutiques, art galleries, and cutting-edge gastronomy.