Located in the sought-after neighborhood of Ibiza, within Madrid's Retiro District, this penthouse for renovation represents an excellent opportunity to create an exclusive home with a terrace in one of the most sought-after areas of the capital.

Situated on the seventh floor of an elegant building with a classic façade, the property has a total area of 111 m², distributed in 90 m² of living space and a magnificent 21 m² terrace, a true privilege to enjoy the outdoors in the heart of Madrid.

A renovation proposal is offered, featuring a spacious living-dining room with an open kitchen and direct access to the terrace, creating a bright and functional space. The rest area would consist of two bedrooms and two bathrooms, offering a modern layout perfectly adapted to today's lifestyle.

The property is marketed in its current state for €1,580,000, providing the possibility to fully customize the project. Additionally, there is the option to purchase it completely renovated for €1,750,000, with a high-quality, comprehensive renovation and ready to move in.

A unique opportunity to enjoy a penthouse with a terrace in a classic building, just steps from Retiro Park.

*Images show an indicative representation of how the space could look after renovation.