The apartment is located centrally and is 5 Min walk to Gran Via, the main shopping area. We stayed here for 4 days and hardly took a taxi, everyplace is reachable by walk. The apartment is well laid out and has useful amenities such as refrigerator, washing machine , oven and cooking equipment. Oscar_Paula_Javi have also stocked their apartment with coffee, sugar and tea and some basic ingredients as well.
The apartment has a 2 person lift. If you have a lot of luggage then you might have to do a few trips up and down.
We were a family of 3 adults and 1 kid , we loved our stay.