16 Bedroom building for sale in Palacio, Madrid

Lucas Fox presents this residential building from 1892, whose location is located on an important Madrid artery in the space defined as the historic centre of the city.

The building consists of five floors of housing, with four flats per floor, with a total of 20 apartments, of which only 16 are sold. In addition, the restaurant is not included in the sale.

The current tenant is a seasonal and holiday apartment company that pays an amount of €17,600/month plus VAT. The monthly rent per apartment is €1,100 plus VAT. The tenant could be compensated with two months of compensation for the early termination of the rental contract, with a minimum notice of 60 days. It can be negotiated to deliver the apartments free of tenants with a 2-month notice. The contract end date is December 31, 2025.

The decoration, furniture and all equipment belongs to each apartment. THE IBI and community expenses are borne by the landlord.

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• classic building
• Classic facade
• Original elements such as stairs and portal

• 5-story building
• 16 apartments

This building is located on Isabel La Católica street, a communication route that belongs to the Centre district of the city of Madrid. This street runs from Plaza de Santo Domingo to Gran Vía. The building is located in a historic and traditional commercial fabric, a few meters from the Lope de Vega Theater, with bus and metro stations, shopping centers, theaters, cinemas, schools , supermarkets, police station, within walking distance.

Among the most emblematic sites and points of interest nearby are the Puerta del Sol, the Plaza Mayor, the Royal Palace, the Temple of Debod, Preciados Street and the Plaza de España.