Property divided into three separate flats in the Salamanca district (Madrid)

This property offers an impressive variety of possibilities, depending on the investor's focus, which may be short, medium or long term. Currently, the property is legally divided into three units: a studio and two flats, which generate an annual rental income of approximately €90,000.

The factor that most influences the regularisation of the value of a real estate asset over time is its location. This property is located on one of Madrid's main streets, Calle Alcalá, at its intersection with Calle Goya and Conde de Peñalver, making it an unbeatable commercial hub. Added to this is its proximity to the leisure area of Calle Jorge Juan, the Retiro Park and the Puerta de Alcalá, all less than a 10-minute walk away.

There is also the possibility of renovating the property, converting it into a single space with three or four en-suite bedrooms, resulting in a high-quality home.

Another interesting proposal for an investor could be to renovate the property into a three-bedroom flat and keep the apartment at the rear of the property for rental purposes, which would generate an annual income of around €30,000.