200 m² flat on Paseo de las Delicias with a 25 m² terrace. With an optional project for 8 bedrooms or a spectacular family home. ✅ No fees for the buyer If you are looking for a spacious home in an established location, with a large terrace and real potential for transformation, this property on Paseo de las Delicias offers a combination that is rare in the area. 💼 INVESTMENT OPTION: COLIVING PROJECT (8 BEDROOMS) The property allows for strategic optimisation of space: * Floor plan designed for 8 bedrooms. * Ideal location for renting out rooms (students and young professionals) due to its proximity to Atocha, universities and the Méndez Álvaro axis. * Technical renovation proposal already developed. * Model focused on maximising profitability. 🏡 FAMILY HOME OPTION The project also includes a renovation aimed at creating a high-end primary residence: * Large master suite with spacious dressing room, private bathroom and direct access to the terrace. * Possibility of 4–5 spacious bedrooms. * Clear separation between living area and sleeping area. * Central heating and east-facing (natural light in the morning). 🌿 TERRACE AND OUTDOOR AREA * Private 25 m² terrace, ideal for outdoor dining or a chill-out area. * Possibility of reclaiming the terrace currently integrated into the living room by opening it up with floor-to-ceiling windows, enhancing the brightness and connection with the Paseo de las Delicias. 🏢 THE BUILDING * 24-hour concierge. * Three lifts. * Adapted access. * Optional spacious parking space (car + motorbike) with direct lift access. Not included in the price. 📍 LOCATION In Arganzuela, next to the Railway Museum, a few minutes from Madrid Río and with immediate connection to the Delicias Metro and Cercanías stations. 📋 KEY DATA * 200 m² built | 160 m² usable * Currently 5 bedrooms and 2 bathrooms * Fitted wardrobes * Technically possible to completely renovate * Optional parking space (separate price) * We do not charge the buyer any fees. *Some images correspond to proposed reforms* ✨ Don't miss this opportunity Contact your IAD advisor María Moreno to receive a detailed floor plan of the projects and arrange a viewing. We are also available to show the property at weekends, adapting to your availability.