Spectacular Penthouse To Renovate, Almagro - Chamberí, Spain

A south-facing penthouse with high ceilings on the seventh floor with a terrace offering panoramic views

SAVILLS presents this extraordinary penthouse, ready for renovation, situated on the seventh floor of a classic 1920s building in the prestigious neighbourhood of Almagro, one of the most elegant and sought-after areas of Madrid. Surrounded by stately buildings, embassies and premium amenities, it offers a unique residential setting that combines tranquillity, elegance and proximity to a first-class selection of shops, restaurants and leading educational institutions.

With 205 m² and featuring stately architecture, the property stands out for its 3-metre-high ceilings with mouldings, and its south-facing orientation, which guarantees exceptional natural light throughout the day, as well as truly privileged, unobstructed and private views.

Additional features include a storage room, a doorman and an elegant cage lift – characteristic details of the area’s prestigious buildings that enhance its exclusivity.

Perfect for renovation to create three bedrooms with en-suite bathrooms, a terrace with panoramic views and a light-filled outdoor social area.

The combination of its strategic location, the extensive cultural, gastronomic and leisure offerings in the surrounding area, and the stability of the local market guarantees profitability, liquidity and exceptional potential for capital appreciation. A perfect asset for both residential use and as a wealth-building investment.