€ 170 000
€ 821 per m²
Garage in Madrid, Spain 207 sq.m. No. 187788
207 m2
Square
IV quarter, 1976
Completion date
Parameters
Property Description
For sale: bare ownership of a spacious garage/commercial space of 207 m² with capacity for 8 vehicles, located on Calle Los Collados, Madrid.
The property is transferred as bare ownership, with the current owner (72 years old) retaining lifelong usufruct—that is, the right to use and enjoy the property for life. The buyer will acquire full ownership once the usufruct expires.
This is an investment opportunity designed for investors seeking to establish a position in Madrid's real estate market at a significant discount to the full ownership market value.
The sale price represents approximately 45% discount compared to the estimated market value of full ownership, typical for bare ownership transactions. This allows you to acquire the asset below its current value in exchange for waiting until full ownership is consolidated.
One of the key strategic advantages of this property is its future potential as a garage. Its location is particularly attractive, as most buildings in the area lack communal parking and the neighbourhood has regulated resident parking (green zone). This makes any parking space a highly sought-after and valuable asset.
Furthermore, if converted to a garage, the asset gains added value given the growing need for electric vehicle charging points, especially for homeowners without a garage space—an increasingly common situation in major cities like Madrid.
Key features:
* Surface area: 207 m²
* Asset type: garage / commercial space
* Lifelong usufruct (male, 72 years old)
* No management or tenants
An especially interesting investment for portfolio diversification and long-term planning, with potential for future appreciation.
Statistics
€ 7 860
Price per sq.m.
181
Quality of Life Index
59
Cost of Living Index
Choose a city for comparison
Parameters
Madrid
Rent Per Month
Apartment (1 bedroom) in City Centre
€ 1 341
Apartment (1 bedroom) Outside of Centre
€ 1 043
Apartment (3 bedrooms) in City Centre
€ 2 467
Apartment (3 bedrooms) Outside of Centre
€ 1 635
Buy Apartment Price
Price per square metre in the city centre
€ 7 860
Price per square metre outside the city centre
€ 3 675