€1,400,000 Building

Apartment building to renovate in the centre of Palma, Mallorca

  • LFCOMMA556
  • For sale

Building to renovate with three apartments and a penthouse. Excellent location close to Plaza de Santa Eulàlia

This building to renovate in Palma currently comprises three apartments plus an attic. It offers the potential to create a large duplex apartment and two further fantastic apartments. There is also a large commercial unit that could be converted into a parking area.

The property boasts 3 independent terraces with wonderful sea views.

An excellent investment opportunity.

Distribution

FLOOR SURFACE AREA
Basement 16.67m²
Ground floor 110.24m²
Mezzanine 1 16.59m²
Mezzanine 2 3.88m²
First floor 141.28m²
Second floor 133.38m²
Third floor 133.38m²
Fourth floor 129.98m²

Extras

- Excellent location in the centre of Palma

- Building to renovate

- Potential to create 3 apartments, including a duplex apartment

- Commercial unit that could be converted into a parking area

- 3 independent terraces with sea views

- Fantastic investment opportunity

Location

Palma (formerly known as Palma de Mallorca) is the island's only true city and is the capital of the autonomous community of the Balearic Islands. It has a population of approximately 400 thousand and is the 12th largest urban area of Spain. Almost half the population of Mallorca live in Palma. It is where the Spanish Royal Family tend to spend their summer holidays and its airport, Son Sant Joan, serves over 22 million passengers each year.

Palma is a city of modern hotel chains and flashy shops, yet still retains much of its original architecture. The Old Town is a maze of streets and picturesque squares hinting towards an Arab past. With the exception of a few streets and squares which allow traffic, the streets are narrow and quiet and boast a diverse range of buildings. The majority of buildings in the Old Town are private houses, some of which are open to the public as discreet museums or galleries. La Seu, its restored cathedral is the city's most prominent attraction. Although construction began in 1229, it was not finished until 1601 and architect Antoni Gaudí was drafted in during a restoration project in 1901. The Parc de la Mar lies just south of the cathedral. The Old Town is also home to the Town Hall and Arab Baths, one of the few remnants of Palma's Moorish past.

Football is the most important sport on the island, with the majority of fans supporting Real Mallorca with its stadium placed at Palma. The city also holds a number of watersports and cycling tournaments.

In recent years Palma has increasingly attracted a cosmopolitan crowd, many of whom are choosing to buy in the city instead of other areas of the island. Some have even labelled Palma the 'new Barcelona', albeit a smaller version. Indeed the city is undergoing a similar transformation as the Catalan capital went through in recent years. New stylish hotels, fashionable shops, restaurants and bars are appearing and the opening of the Es Baluard Art Museum has helped assert the city as a cultural capital.

View more commercial properties for sale in Mallorca

Contact us about this property

Lucas Fox Mallorca
+34 933 562 989

LFCOMMA556

  • €1,400,000
  • Building
  • For sale

Location

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