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Calle Orense, 20

2,174 SF Office Condo Unit Offered at $695,706 in 28020 Madrid

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Investment Highlights

Good location in the Tetuan-CBD area
Exclusive entrance and elevator for offices
Wide and attractive range of services in the area

Brand new office with recent renovation
Near the Nuevos Ministerios transport interchange

Executive Summary

Mixed-use building located on Orense street, in the Nuevos Ministerios - Azca area. It consists of 18 floors above ground (Semi-basement + Lower + 16). Property equipped with: - Fire detection system. - Concierge service. - Elevator core.

Property Facts

Price	$695,706	Sale Type	Investment or Owner User
Unit Size	2,174 SF	Building Class	C
No. Units	1	Floors	18
Total Building Size	261,746 SF	Typical Floor Size	13,595 SF
Property Type	Multifamily (Condo)	Year Built	1974
Property Subtype	Apartment	Lot Size	0.71 AC

Price	$695,706
Unit Size	2,174 SF
No. Units	1
Total Building Size	261,746 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Sale Type	Investment or Owner User
Building Class	C
Floors	18
Typical Floor Size	13,595 SF
Year Built	1974
Lot Size	0.71 AC

1 Unit Available

Unit Size	2,174 SF	Condo Use	Office
Price	$695,706	Sale Type	Investment or Owner User
Price Per SF	$320.01	No. Parking Spaces	2

Unit Size	2,174 SF
Price	$695,706
Price Per SF	$320.01
Condo Use	Office
Sale Type	Investment or Owner User
No. Parking Spaces	2

Description

Magnificent office in Calle Orense in the Azca district, in the heart of the capital’s business area. It is one of the most deeply consolidated and dynamic business areas of Madrid, thereby making it ideal for any company seeking a representative corporate image to establish its headquarters.
The property is located in a mixed use building, with an exclusive entrance, lobby and lift for the offices. The office is on the 2nd floor and has been recently renovated to an excellent standard, ready for a new tenant.
The office has a total built surface area of 202 m2, and useful area of approximately 160 m2, all facing the outside. On one side it has a large terrace for private use with views over Calle Orense, whereas on the other it has large panoramic windows facing the inner courtyard, thus conferring more natural light to it.
The inside of the office has raised wooden flooring, perimeter wiring, suspended ceiling with recessed light fixings, individual hot/cold climate control, emergency lights and bathrooms in the communal areas of the building.
The price for renting the property includes 2 parking spaces, and the possibility of adding another 2 spaces to the deal (check conditions). Vehicle access to the car park is via the tunnels in the area.
It is notable that the building has a communal reception area with concierge during normal office hours, 24 hour surveillance and 2 lifts. Furthermore, it has been adapted for people with reduced mobility.
It has excellent communications by public transport as it is located just a few metres away from the Nuevos Ministerios metro and local train station, from the Santiago Bernabéu metro station, and also from several bus lines.
As for private transport, the building is located just a few minutes away from the M-30 junction and the Barcelona A-2 highway, providing access to the Adolfo Suárez Madrid-Barajas airport. There are many parking options in the area near to the building for private vehicles, including the Palacio de Congresos de Madrid public car park.
To round off, its strategic location is well worthy of mention, with a complete, attractive choice of services in the immediate proximity, such as the Nuevo Ministerios El Corte Inglés department store, fashion stores, supermarkets, gyms, and a whole heap of different restaurants.