Residential building for sale for renovation in Guindalera, Madrid

Located in the prestigious district of Salamanca, specifically in the La Guindalera neighborhood, is a residential building that represents an excellent investment opportunity. This property, with a total built area of 536 m², is spread over three floors housing a total of eight apartments. Originally built in 1925, the property is unoccupied and in full need of renovation. With a cadastral area of 412 m², the recent technical survey of 536 m² confirms a development potential significantly greater than initially estimated.

The building’s interior presents itself as a blank canvas for any project. The eight apartments, currently empty, offer complete flexibility to adapt their layout to various investment strategies. Improvement possibilities include the installation of an elevator for greater comfort and accessibility. Furthermore, the property is not listed or protected, providing maximum freedom to carry out a comprehensive renovation without planning restrictions. Its west orientation guarantees excellent natural lighting during the afternoons, creating bright and pleasant spaces.

The location of this property is one of its main attractions. Located in La Guindalera, an area undergoing rapid transformation and significant urban development, it benefits from its proximity to the Las Ventas Bullring. This established and constantly expanding area enjoys strong residential demand. The proximity to major transportation hubs and the wide range of services, shops, and leisure activities make this neighborhood a strategic location for living and investing, ensuring a constant flow of potential tenants or buyers.

Acquiring this building is not just about buying a property; it is about securing an investment with high appreciation potential in the short and medium term. It is ideal for developers, investment funds, or individuals seeking a unique asset with which to develop a high-value project, whether for luxury homes, apartments, or a co-living space. The flexibility of its structure and the absence of planning restrictions provide a unique competitive advantage for undertaking a comprehensive repositioning project. At Walter Haus, we are available for any questions.