Commercial property 533 m² in Madrid, Spain

Commercial premises for sale in the prestigious central district of Madrid.

The property is located at the intersection of Calle Serrano and Calle Recoletos - a key point of the "golden triangle" of luxury retail:

• in one of the most expensive areas of the Spanish capital;
• on the famous Serrano street, where fashion boutiques of such brands as Cartier, Dior, Louis Vuitton, Tiffany, Gucci, Michael Kors and so on are located;
• in close proximity to the key attractions of Madrid: Bank of Spain, Cibelles Square, Alcalá Gate;
• across the street from the gates of Alcalá and Retiro Park, the city’s main park;
• The National Archaeological Museum and the Wax Museum of Madrid;
• several luxury hotels within a radius of 500 meters.

The location belongs to the category of premium retail, where objects rarely enter the market and steadily grow in price. The average property price has consistently exceeded 10,000/m2, with an increase of more than 18-19% per year. It is one of the most expensive and dynamically growing areas of Madrid in the real estate segment.

The commercial space of 533 m2 is distributed between a spacious shopping area at street level and a functional level at the basement. The property features a double entrance - with Calle Serrano and Calle Recoletos - as well as an impressive facade 15 meters long. The height of the ceilings is 3.3 m, the presence of natural light on both levels and wide open plan areas allow you to use the room under the showroom, flagship boutique or executive space for brands of international class.