Search
Lucas Fox Madrid presents this prime property as an unrivalled real estate investment opportunity
Madrid, Madrid, Spain, 28001
REF: 936739
€4,990,000
Description
Lucas Fox Madrid presents this prime property as an unrivalled real estate investment opportunity. Located in the sought-after Recoletos neighbourhood , known for its distinction and exceptional quality of life, the property is located in a classic building that exudes elegance and sophistication in every detail. This coveted neighbourhood offers a unique living experience, with access to high-end amenities , gourmet restaurants, designer boutiques and art galleries, consolidating itself as one of the most exclusive and desirable locations in the Spanish capital. The property, with its exceptional features, stands out as a strategic investment for those with vision and perspective. Its location in a classic building translates into eleven balconies facing the street, a bay window and ceilings of more than three meters high, providing panoramic views and enveloping luminosity. It is worth noting that the property, despite its nature in a classic building, is currently demolished, revealing its potential without load-bearing walls. This particularity offers the buyer the unique possibility of designing and personalizing the space according to their preferences, taking advantage of the architectural freedom provided by the absence of structural restrictions. The dual nature of the north and east orientation, combined with the two entrances to the property, guarantees a functional and adequate layout , allowing the entry of abundant natural light and fluid circulation in all spaces. The high demand and limited availability in this coveted location ensure a safe investment with the potential for significant profitability. Additionally, an innovative proposal is presented to the buyer: various renovation options to choose from, offering a range of possibilities to adapt the property to the specific tastes and needs of the future owner. This flexibility, added to the versatility of the space, redefines the property as a blank canvas, waiting to be transformed into the ideal residence. With easy access to renowned cultural and tourist spots such as Retiro Park and the Prado Museum, and the convenience of multiple access and communication routes on Hermosilla Street, this property presents itself as an investment not only in a home, but in an exceptional lifestyle in the heart of Madrid.
Lucas Fox Madrid presents this prime property as an unrivalled real estate investment opportunity. Located in the sought-after Recoletos neighbourhood , known for its distinction and exceptional quality of life, the property is located in a classic building that exudes elegance and sophistication in every detail. This coveted neighbourhood offers a unique living experience, with access to high-end amenities , gourmet restaurants, designer boutiques and art galleries, consolidating itself as one of the most exclusive and desirable locations in the Spanish capital. The property, with its exceptional features, stands out as a strategic investment for those with vision and perspective. Its location in a classic building translates into eleven balconies facing the street, a bay window and ceilings of more than three meters high, providing panoramic views and enveloping luminosity. It is worth noting that the property, despite its nature in a classic building, is currently demolished, revealing its potential without load-bearing walls. This particularity offers the buyer the unique possibility of designing and personalizing the space according to their preferences, taking advantage of the architectural freedom provided by the absence of structural restrictions. The dual nature of the north and east orientation, combined with the two entrances to the property, guarantees a functional and adequate layout , allowing the entry of abundant natural light and fluid circulation in all spaces. The high demand and limited availability in this coveted location ensure a safe investment with the potential for significant profitability. Additionally, an innovative proposal is presented to the buyer: various renovation options to choose from, offering a range of possibilities to adapt the property to the specific tastes and needs of the future owner. This flexibility, added to the versatility of the space, redefines the property as a blank canvas, waiting to be transformed into the ideal residence. With easy access to renowned cultural and tourist spots such as Retiro Park and the Prado Museum, and the convenience of multiple access and communication routes on Hermosilla Street, this property presents itself as an investment not only in a home, but in an exceptional lifestyle in the heart of Madrid.
Read More
Property on Map
Currency Exchange
Madrid, Madrid, Spain, 28001
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,990,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €4,990,000 | £4,111,261 | £4,221,989 | £110,728 |
| Property Price € | €4,990,000 |
| Minimum cost in the last six months | £4,111,261 |
| Maximum cost in the last six months | £4,221,989 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £110,728 |
Madrid, Madrid, Spain, 28001
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,990,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €4,990,000 | £4,111,261 | £4,221,989 | £110,728 |
| Property Price € | €4,990,000 |
| Minimum cost in the last six months | £4,111,261 |
| Maximum cost in the last six months | £4,221,989 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £110,728 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £110,728 more.
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
