Apartment with tourist licence in the centre of Madrid

On Calle Mayor itself, just a few metres from the San Miguel Market, this property offers an unusual contrast: an absolutely privileged location combined with a real sense of peace and tranquillity.

Located on the fourth floor of a 1970s building with two lifts and a concierge service, the flat is interior and opens onto a large courtyard. This orientation guarantees exceptional silence and very pleasant light, enhanced by the light reflected from the white façade of the building opposite. The property has a cadastral area of 66 m2 and was completely renovated at the end of 2015, including all the installations.

It is sold fully furnished and equipped, with all appliances, furniture and decorative elements, ready to move into or continue to be used for rental income.

The property has been used for short- and medium-term rentals and has a VT number from the Community of Madrid. The owners' association is aware of this activity and has not approved any restrictions or prohibitions on tourist rentals, either at meetings or in the statutes. The building is mixed-use, with the first three floors used for offices and shops and the upper floors for residential use. It is important to note that it is not feasible to obtain an activity licence from the City Council for this type of property. However, the property is particularly attractive as a temporary rental asset for expatriates, postgraduate students or displaced professionals, with very strong demand in the area.

Key operating data (2025, tourist rental) - Gross annual income: €50,217.66 - Days rented: 347 days - Average occupancy: 95% - Average income per night: ≈ €145 - Equivalent gross monthly income: ≈ €4,185

Reference investment - Reference purchase price: €480,000 - Estimated closing costs (6.5%): €31,200 - Estimated total investment: ≈ €511,200 - Approximate gross return (on 2025 income): ≈ 9.8%

2026 forecast - Average income per night is expected to increase by 10-15% based on high demand.