Building of 177 apartaments in Villalbilla | (Madrid) Spain

CAMBIAR IDIOMA

Building of 177 apartaments in Villalbilla, Madrid

Localitations

The property is located between Alfonso X el Sabio Street and Gonzalo de Berceo Street in the municipality of Villalbilla (Madrid).

Distance to Madrid city center: 48 km

Distance to the Airport: 35 km

Distance to Atocha (high-speed train): 41 km

Commuter train with direct line to Madrid city center: 11 km (Alcalá de Henares)

Villalbilla is a municipality located in the Alcarria de Alcalá region, bordering Alcalá de Henares and Anchuelo to the north, and Corpa, Valverde de Alcalá, and Torres de la Alameda to the south. The area is dominated by the Viso Hill, Alto de la Muela, and Dehesa de los Hueros (place names according to the Army Geographic Service).

The municipality consists of several population centers: the villages of Villalbilla and Los Hueros (the latter incorporated into Villalbilla in the 19th century due to its small population) and five residential areas: two near Villalbilla (El Robledal and Valdeláguila) and four near Los Hueros (El Viso, El Gurugú, Peñas Albas, and Zulema). The historic center of the town is 42 km from Madrid.

In the north of the municipality flows the Anchuelo stream. The northern boundary features a steep slope belonging to Alcalá, descending sharply towards the Henares River, known as El Gurugú.

Nearby the building, you will find schools, supermarkets, playgrounds, restaurants, and more.

Current condition of the property

HOUSING:

Must be rehabilitated by at least 60%.
It is necessary to remove the floating laminate flooring in the units, as the existing flooring has been affected by various weather conditions.
Some of the bathroom and kitchen floor and wall finishes can be preserved.
The electrical installation needs to be almost entirely redone, as only the conduits exist, and the wiring, mechanisms, and main protection panels need to be installed in the units.
The underfloor heating system ducts are believed to exist beneath the floors, but their tightness must be checked, and the central control panels are missing.
There are no exterior carpentries or their glazing and shutters with drums, nor the interior carpentry, which includes doors, access points, and wardrobes.
The false ceilings in the units need to be replaced as they are damaged.
Complete repainting is required.
The hidden plumbing and sanitation installations need to be checked for their condition and functionality.
The ground-floor units facing the interior common area have terraces with a one-meter high separating wall but lack fencing up to two meters.
The existing door and bathroom door frames can be reused, with some requiring replacement.

GARAGES:

It is necessary to install lighting and electrical systems, including all necessary main and secondary panels, fire protection, forced ventilation, etc.
There are various shared installations in the parking area, such as hanging sanitation conduits and centralized heating. Their condition and viability need to be checked.
The utility connections for the entire building need to be executed.
There are no centralized heating boilers.
There are no boilers for domestic hot water (DHW), nor any accumulators or supporting solar panels on the roof.
There are no meter rooms for water, heating, and electricity.
The buried sanitation system and existing manholes need to be checked for functionality, along with the connection to the municipal sanitation system.
Parking spaces need to be painted, and a general paint job is required.
The building lacks the sealed lobbies that connect the parking area with the ground floor, as well as the corresponding fire doors.
There are no doors closing off the parking area from the access ramp.

COMMON AREAS:

There is no perimeter fencing around the plot.
The roof lacks the coping stones for the parapets.
The waterproofing of both the roofs and the interior patios needs to be checked through water testing.
The main access portal to the building needs to be constructed.
The commercial spaces are left in a raw state until a specific activity is developed in them, so no conditioning is required.
The building’s facades need cleaning due to the large amount of graffiti on the exposed brick finish.
The roof chimney caps are missing and need to be installed.

Licenses & Upgrades

Given the time elapsed since the License was granted and the changes in the applicable Regulations, it is essential to check how they affect the property and what updates are needed regarding installations and finishes.

The following issues need to be addressed:

How the CTE (Technical Building Code) in its current version affects the property and its scope of application. It may be necessary to equip the residences with ventilation systems that are now required.
Provision of solar panels for hot water production (ACS).
Requirement for electric vehicle charging points in the parking area.
Verification that what has been executed complies with all Regulations.
It is recommended to conduct load testing in specific areas to verify the state of the structure.

If you are interested, contact us for more information, we will be happy to assist you.

irina@ikrinvestments.com

Tel. 647 334 537

Info@ikrinvestments.com

Real Estate: irina@ikrinvestments.com

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