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Pº de la Castellana 128 en

Pº de la Castellana 128 en

Transaction info

Type of transaction: Investment opportunity    

Type of property: Residential space

Address: Paseo de la Castellana 128

Location: Madrid

Current available area: 589.28 sqm

The asking price for the property is €5 million (€10,255/sqm of living space and €2,563/sqm of private terrace, weighted at approximately 25%).

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Description

Opportunity to acquire a space with the possibility of residential use located opposite the AZCA business district at Paseo de la Castellana 128, between Plaza de Lima and Nuevos Ministerios.

According to the property owner, the space for sale has 589.28 sqm located on the entire first floor of the building, distributed as follows:

  • 450 sqm of residential space
  • 125 sqm of private terrace
  • 14.28 sqm of covered communal patios

The sale also includes the following in the same building:

  • 1 parking space
  • 1 storage room

Annual property expenses currently paid by the tenant:

  • Property tax: approximately €5,468/year
  • Waste collection tax: approx. €827/year
  • Community fees: approx. €11,413/year

The asking price for the property is €5 million (€10,255/sqm of living space and €2,563/sqm of private terrace, weighted at approx. 25%).

Opportunity to acquire a space with the possibility of residential use located opposite the AZCA business district at Paseo de la Castellana 128, between Plaza de Lima and Nuevos Ministerios.