INVESTMENT! Villa in Palma with refurbishment project, in excellent location & lots of potential

This historic gem from the 1970s is nestled on a Mediterranean plot in a quiet location in Cala Mayor.

The unique property has been completely gutted and has an extensively planned renovation project that can be taken over.

The renovation project provides for a perfectly designed living layout on a total of 2 levels. On the lower floor there is an entrance hall with a wide corridor, two master suites with en suite bathrooms and dressing rooms, a separate guest apartment and a light-filled patio connecting both levels.

On the upper floor is the second entrance, the living lounge, a dining room with fireplace, a kitchen, an outside bathroom and two further master suites, also with dressing rooms and bathrooms en suite.

This charming residential gem is rounded off by several open and covered terraces, a roof terrace and the beautiful private pool area surrounded by a Mediterranean garden.

It is possible to divide the 2,450 m² plot into 3 separate plots of approx. 800 m² each. One villa each with up to approx. 400 m² of living space calculated in Spanish style, with terrace.

These newly built villas could be sold for a very good price in this part of town.

Due to the current location and orientation of the villa, it can remain and the new 2 plots can also be divided.

This means that only 2 new building projects are required and the current existing villa can be converted almost immediately with a small building permit. This means enormous cost and time savings.