Condo/Apartment for sale in El Escorial, Spain

Unique opportunity to acquire a home in the historic centre of El Escorial, in a building with a façade protected as an Asset of Cultural Interest, an excellent example of the traditional architecture of the Sierra de Madrid. The project includes the partial demolition of the building (maintaining the original façade) and the construction of a new building. A two-storey building, one apartment per floor, next to the emblematic Church of San Bernabé, in the heart of El Escorial. Protected façade: The original from the early nineteenth century, to be restored to its initial state of 1927. Flexible layout: The buyer can choose between 1, 2 or 3 bedrooms, and between 1 or 2 bathrooms. Exterior: 3 balconies overlooking Calle Santísimo Sacramento and a terrace facing the interior. Materials and finishes: At the buyer's choice. Purchase Process (Three Phases): 1st. Initial Purchase: Price: 179.800€ It includes the acquisition of the existing home and 49% of the expenses already paid for the architectural project and permits. The buyer will become part of the Community of Owners with a 49% share. 2nd. Construction of the New Building (mandatory): Promote the Community of Owners. Estimated cost €160,000. To be contributed by the owner of the 1st floor 49% of the total estimated construction. Total 77.900 € It includes the construction of the common areas and elements of the building and the rehabilitation of the façade. 3rd Interior Construction of each custom home (Optional): Approximate cost: €37,000 for the interior construction of a 93 m² house (according to average qualities) The buyer fully customises the finishes and layout. Estimated Total Cost for the three phases: €294,700. *This announcement is non-binding, it may contain errors. It is shown for informational and non-contractual purposes. *.