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INVESTMENT! Building in Palma with lots of history & potential

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INVESTMENT! Building in Palma with lots of history & potential

225 m²

1500 m²

10

on request

RefNo.: ID-4660

This historic old town palace dating back to 1889 in the heart of Palma offers a unique and extremely lucrative investment opportunity. With its incomparable location and the charm of times gone by, this building is a real gem just waiting to be brought back to life.

The building extends over three floors plus a roof terrace with breathtaking views. Many original, historic details, such as the magnificent wooden frames on the windows and doors, the ornate hydraulic tiles, the impressive staircase, the antique fireplaces and the stylish ceiling beams, give the property an unmistakable character.

The second floor also offers excellent opportunities to rent out around 270 m² of space as commercial premises - an attractive source of income for the investor. After renovation, 5 or 6 apartments can be created and sold separately - an excellent opportunity to further increase the value of the property and benefit from a high yield.

In this prime location and with the historic charm of the building, the potential for a high return is exceptional - a true investment with enormous value appreciation!

Description of the surroundings -

The lively island capital of Palma was voted the most livable place in the world by Times Magazine in 2015. Here it prevailed against strong competition such as Toronto, Auckland or Berlin. Residents here enjoy the many sunny days and the stylish old town. A lot of the old buildings are well preserved and thus contribute to the original charm of the Balearic capital. A wide range of leisure activities from theater to opera to some museums and a great nightlife contribute to make Palma so lovable or livable. The geographic conditions are almost dreamlike with the sea on the doorstep and the mountains in the immediate vicinity. This unique old town property is close to the cathedral and the beach.

Further equipment

Other Features
Basement
Fireplace
Panoramic View
Pantry Kitchen
Storeroom
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