Impressive Exterior Apartment To Renovate On The 5th Floor In Recoletos, With Terrace, Parking Space

Engel & Völkers presents a unique opportunity in Recoletos: an exterior-facing apartment on the fifth floor with a terrace, requiring a full renovation, with a large parking space in the building and a generously sized storage room—an increasingly rare combination in the heart of the neighborhood.

This property stands out for its enormous potential and for bringing together all the elements that make the difference in today’s market: height, light, views, and comfort, in one of Madrid’s most exclusive locations.

The apartment has a very square layout, allowing exceptional space optimization and multiple renovation possibilities to create a fully bespoke residence. It features several street-facing windows, including a pleasant terrace, perfect for enjoying al fresco dinners, family time, or simply taking in the prestigious Recoletos setting.

Light is undoubtedly one of its main highlights. Thanks to its dual aspect, with south-facing orientation in the kitchen area, gallery, and two of the bedrooms, the home enjoys constant brightness throughout the day, along with open views over Ayala Street, particularly privileged from this height.

The building offers all the conveniences of a representative property:

-Doorman service Monday to Friday
-Main lift and service lift

And, as a distinctive added value, it includes:

-Large parking space within the building itself, with access almost at street level, without steps, ensuring exceptional day-to-day convenience

-Good-sized storage room, perfect for additional storage

Overall, this is a property with everything needed to become an extraordinary home after renovation: prime location, height, light, terrace, parking, and storage—an authentic “complete package” in one of Madrid’s most exclusive areas.

A unique opportunity to create a tailor-made home or an investment with great potential for appreciation in the heart of Recoletos.

The prestigious Recoletos neighborhood is, without a doubt, one of the most exclusive and sought-after enclaves in Madrid, where classic elegance and a contemporary lifestyle coexist in perfect harmony.

Located in the heart of the Salamanca district, Recoletos stands out for its wide, tree-lined avenues, stately buildings, and representative architecture, becoming a benchmark for both local residents and international buyers seeking location, prestige, and quality of life.

Just a few steps away are some of the city’s most iconic landmarks, such as El Retiro Park, Madrid’s true green lung, as well as the most exclusive streets for luxury shopping, such as Serrano, Velázquez, or Jorge Juan, where leading international brands, boutiques, and an exquisite gastronomic offering are concentrated.

The neighborhood also offers excellent connections to the rest of the city, both by public and private transport, and a wide range of top-tier services: schools, medical centers, art galleries, and cultural spaces that enrich daily life.

Recoletos is, ultimately, synonymous with exclusivity, comfort, and style—an exceptional setting where every detail reflects a higher standard of living, and where investing or living becomes a safe choice.

Built-in cupboards, Doorman, Appliances, Built-in kitchen, Seperate sanitary facilities, Split air-conditioned