This tiny square is located in the heart of the bohemian neighbourhood of "Barrio de las letras" in Madrid. It used to be the area where the writer Cervantes lived.
The area is surrounded by beautiful old buildings and gathers a very interesting book shop which has books about traveling. In the closest area there are also charming trendy shops and restaurants. There is a restaurant in the square itself with the same name, but the one I would recommend is just a block away in the street "calle de las Huertas", which is one of the sides of the tiny square.
A place to stop while walking in the area.
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