Commercial property in Spain 533 sq.m. No. 151952

A commercial property for sale in a prestigious central Madrid neighbourhood.

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 such as Cartier, Dior, Louis Vuitton, Tiffany, Gucci, Michael Kors and so on are located;in close proximity to the key landmarks of Madrid: Bank of Spain, Plaza Cibeles, Alcalá Gate;across the street from Alcalá Gate and Retiro Park, the city's main park;National Archaeological Museum, as well as the Madrid Wax Museum;none of the fashionable hotels within 500 metres.
Location belongs to the category of premium retail, where objects rarely hit the market and steadily increase in price. The average property price is consistently above 10,000 / m², with an increase of more than 18-19% per year. It is one of Madrid's most expensive and fastest growing areas in the property segment.

The 533 m² commercial space is divided between a spacious retail area at street level and a functional level in the basement. The property has a double entrance - from Calle Serrano and Calle Recoletos - as well as an impressive 15 metre long façade. With ceiling heights of 3.3 metres, natural light on both levels and generous open-plan areas, the space can be used as a showroom, flagship boutique or executive space for international brands.