P&P Penthouse Collection in Madrid

Name: Sales in P&P Penthouse Collection started!
Start: 2022-03-14T11:27:21.177158+00:00
End: 2023-12-31T23:59:59+0000
Location: P&P Penthouse Collection

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Project info

Object ID: 19085

Finished at	December 2021
Price, m²	From 6380$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 77.00 m²
Floors	8
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Principe Pío 3 min Plaza de España 6 min Ventura/Rodríguez 6 min Ópera 9 min Argüelles 9 min Santo/Domingo 9 min Noviciado 11 min Callao 12 min Moncloa 14 min La Latina 15 min San/Bernardo 15 min San Bernardo 15 min Vodafone/Sol 16 min Vodafone Sol 16 min Gran Vía 17 min Tirso de Molina 17 min Puerta/de Boadilla 17 min Tribunal 18 min Bilbao 18 min Quevedo 18 min Islas/Filipinas 19 min Sevilla 20 min Lago 20 min Chueca 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

491,260$

Net profit

8,283$

Payback period

46.3 years

Avg property value increase per year

Open ROI calculator

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About the project

The privilege of living in the center of Madrid with avant-garde architecture.

Real estate experts around the world say that the three most important characteristics that the best properties must have are: location, location and location, therefore, we have no doubt that these homes that we offer more than meet the expectations of the most demanding. If we add cutting-edge architecture, success is fully assured.

PARK & PALACE, is located in front of the Parque del Oeste, next to the Temple of Debod and near the axis of Rosales, the new Plaza de España, the Royal Palace and La Almudena, the gardens of Sabatini and Campo del Moro. Talking about communications may be a no-brainer, but it is clear that enjoying these spectacular homes can allow you to do without your private vehicle, since it is a 5-minute walk to Gran Vía, Madrid de Los Austrias, Casa de Campo (5 times more than Central Park) and Madrid Rio or the 65 km of cycling ring. It has the Príncipe Pio station 300 meters away where you can take the subway or commuter lines, connecting with Atocha Station. It is close to the Principe Pio Shopping Center, a recent restoration of the classic North Station, highlighting all its splendor.

PARK & PALACE, is carried out with the idea of creating a singular building, for clients seeking an urban life. It is designed by one of the most prestigious studios in Spain, Olalquiaga Arquitectos. The facade is glazed with a double skin that harmonizes the rhythm of the openings, in addition to protecting it from the sun and rain. From Irún Street there is an entrance for vehicles for a short stop, where there is a security control booth and an area prepared to receive all kinds of parcels at home. The interior is a universe of sensations caused by a large entrance hall, the linear pond and the large garden area. On the same floor there is a magnificent gym equipped with state-of-the-art machines overlooking the garden.

Undoubtedly, the rooftop is the most outstanding area and a differentiating point with respect to the promotions that there are in Madrid. The roof is community where there is a multipurpose room with an elongated pool. Enjoy its spectacular panoramic views. It is possibly the most beautiful profile of classic Madrid and worth seeing every day, especially at sunset.