Penthouse

, Centro, Madrid, Spain

Listed NaN years ago

2beds

2baths

94 m²area

2Bedrooms

2Bathrooms

94 m²Area

N/AYear Built

PenthouseType

Centro, SpainLocation

About

Renovated penthouse in the center of Madrid – Bare ownership with usufruct for only 5 years The bare ownership of an exclusive penthouse located in the heart of Madrid, just 100 meters from Gran Vía, is for sale. The seller retains a temporary usufruct limited to 5 years. After this period, the buyer will acquire full ownership of the property, with no additional payments. This is an unusual condition that makes this transaction an excellent opportunity for both investors and end buyers who can plan their access to housing in the medium term. The property, located on the top floor, has 94 m² built and 65 m² of actual usable space, efficiently distributed into two bedrooms and two full bathrooms, a spacious and bright living room, a fully equipped kitchen, and a good-sized outdoor terrace, private and with a high level of privacy. It has undergone a comprehensive, high-quality renovation less than four years ago, incorporating high-level thermal and acoustic insulation, underfloor heating, and a hot and cold air conditioning system, ensuring maximum comfort throughout the year. The materials and finishes used are top-tier, with all spaces carefully utilized. The building has an elevator, and the property has been completely renovated recently, including the building's roof, so no extraordinary assessments or significant works are foreseen in the short or medium term, an aspect that is particularly important from an asset management perspective. ⸻ Key economic data The sale price of the bare ownership is €470,000, while the estimated current market value of the property is between €650,000 and €700,000, representing an approximate discount of between 28% and 33% on its real value. The usufruct period is only 5 years, after which the buyer will have full ownership. A rare opportunity to secure, in the medium term, a high-quality home in a prime location, with a very significant price difference compared to the current market. ? For more information or details about the transaction, do not hesitate to contact us.