Property To Renovate With Garage In Palacio

Engel & Völkers presents this magnificent property with three large balconies, located in the heart of Madrid’s historic Habsburg district. Set in a well-maintained contemporary building dating from 1990 in the distinguished Palacio neighbourhood, it benefits from an on-site resident concierge.

The property’s condition allows the future owner to adapt it to their own taste and needs.

Currently, the property comprises a spacious living-dining room, a large separate kitchen with a laundry area, leading to a small outdoor patio. It has three double bedrooms, one with an en-suite bathroom, as well as a second bathroom. All rooms feature spacious floor-to-ceiling wardrobes, in addition to a practical coat closet. The property also includes a parking space in the same building and a storage room for communal use.

The building stands on the site of the former Convent of the Bernardine Recollects of the Blessed Sacrament. Of the 17th-century monastic complex, only the church—now the adjacent Military Cathedral—and the area known as the Nuns’ Garden have survived. The latter forms part of the property’s communal areas and is accessed from the building: a small oasis in the middle of the city.

In short, an exceptionally attractive property both for investors and for those wishing to live in Madrid’s historic centre, just a few minutes’ walk from the capital’s main points of interest and very close to green areas and open spaces.

The property is located just a few metres from Plaza de la Villa and very close to the Royal Palace and Almudena Cathedral, in one of the quietest areas of Madrid de los Austrias. Surrounded by elegant historic buildings, the area also stands out for its green spaces and open views, an added value that provides an excellent quality of life.

Its magnificent location offers quick access to several bus lines and an extensive taxi service. The neighbourhood has a diverse commercial fabric, with traditional establishments that still preserve the essence of authentic Madrid, as well as a carefully selected range of hotels, from luxury boutique options to more functional establishments.

The culinary offering follows the same pattern, combining historic taverns with international restaurants. A pleasant stroll allows residents to enjoy an incomparable cultural setting, from the recently opened Gallery of the Royal Collections to the historical richness of emblematic squares such as Plaza de la Villa, Plaza de Oriente and Plaza de Ramales. Ultimately, it is an unbeatable location for experiencing the charm of historic Madrid at close quarters.

Built-in cupboards, Doorman, Appliances, Fixed furniture, Built-in kitchen, Seperate sanitary facilities, Children’s playground, Garden irrigation