COMPRAR
Location
Property Type
Price€
Rooms
SizeM2
RETIRO
124 m2 / 3 Bedrooms
REF: ibi193VMA
1.150.000 €
Exclusive renovation opportunity next to Retiro Park
Unique renovation opportunity in a prime location next to Retiro Park
OLISSON PRESENTS this exclusive renovation opportunity on O’Donnell Street, just a few minutes’ walk from Retiro Park, one of Madrid’s most sought-after and established areas. A property with great potential, ideal for both end users and investors looking for value in a prime location.
The property is located on a first exterior floor of a representative 1945 building, featuring a lift, concierge service, and good accessibility. It offers 124 sqm of built area, providing an excellent foundation to develop a full renovation project tailored to modern standards of design, comfort, and functionality.
Its layout allows for multiple redistribution options. The proposed project includes a spacious living-dining area, with the possibility of incorporating an open-plan designer kitchen or keeping it separate, creating an elegant, bright, and versatile living space.
In the sleeping area, the property can be configured with two or three bedrooms depending on the buyer’s needs, with the option to create two en-suite bedrooms. The main bedroom could include a walk-in wardrobe, enhancing comfort and functionality. Additionally, a guest toilet can be incorporated to serve the living area.
Among its standout features, the property includes a storage room, service entrance, and a private-use patio, a rare added value in this area that provides versatility and additional possibilities. The property is equipped with individual gas heating and air conditioning, facilitating its upgrade after renovation.
From an investment perspective, this is an asset with strong appreciation potential, where a well-executed renovation can significantly increase its market value. For end users, it represents the opportunity to design a fully bespoke home in one of the city’s best locations.
Located in the Ibiza area, close to Retiro Park, this lively yet residential neighborhood offers a wide range of leisure, retail, and services, and is very well connected by several bus lines, as well as being close to Príncipe de Vergara and Ibiza metro stations. It is also ideal for car travel thanks to its quick access to the airport and the M-30 ring road.
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