Price on request Building

Townhouse for sale with three separate loft apartments, restaurant and bar situated in very quiet location. Good investment opportunity.

  • LFMA413
  • 3 Bedrooms
  • 3 Bathrooms
  • Size 780m² (8,395ft²)

This is a truly magnificent property offering breathtaking views of Palma Old Town. With original features, underfloor heating, open fireplaces and terracotta floor tiles.

This beautiful building for sale in Palma is located in one of the quiet narrow streets of the Old Town, behind the well-known commercial street of Jaime III. Located at the corner of a lovely stone-paved alley, just a few steps from the famous Paseo del Born and a few minutes walk to the sea, the building is both spacious and bright.

Distributed over 4 floors, it consists of a restaurant and American bar in the basement and three beautifully presented apartments on the 1st, 2nd and 3rd floors.

The restaurant and American bar is currently closed but could either be re-opened or converted into a gallery or apartment. It has high quality furnishings including chairs designed by Philip Stark. Decorated in a classic art deco style, the bar was formerly known as "Harry´s Bar". 

The reduced asking price as well as an actual license for the bar/restaurant and official registration of each floor turn this property into a very attractive investment opportunity. 

Features

  • Terrace

Distribution

Total built area: 780sqm, distributed over 4 levels

Basement: 150sqm restaurant, built over 3 levels and an American bar

1st and 2nd floors: 2 individual loft-style apartments with spacious living areas. The L-shaped living space is distributed around a central interior balcony. 2 bedrooms in total.

3rd floor: apartment with living room, bedroom, bathroom and terrace 

Roof terrace

Extras

- ideally & quiet situated in the heart of Palma Old Town

- spacious and bright

- original features

- art deco restaurant and bar

- 3 separate apartments

- roof terrace

- spectacular views of the Old Town

Location

Google map

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. Its airport, Son Sant Joan, serves over 22 million passengers each year and it is where the Spanish Royal Family tend to spend their summer holidays.

Palma is a city of modern, hotel chains, and flashy shops, yet still retains much of its original architecture. The Old Town 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 here 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 labeled 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 properties for sale in Palma

Contact us about this property

LFMA413

Key facts

  • Price on request
  • Building For sale
  • 3 Bedrooms, 3 Bathrooms
  • Size 780m² (8,395ft²)

Location

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