Engel & Völkers ID : C-657 | Spain, Mallorca, Palma, El Terreno

Historic city villa in the up-and-coming neighbourhood

Price

4,500,000 EUR

Total surface

660 ㎡

Plot size

900 ㎡

Services and special features

This historic villa in El Terreno offers a unique opportunity to invest in a versatile property. Whether as a luxurious home, exclusive apartment block, commercial property or boutique hotel - the possibilities are almost endless. The charming location in an up-and-coming area and the proximity to all amenities make the villa a sought-after address. Take advantage of this opportunity and create a unique project here that combines the character and history of the building with modern requirements. The charming building is currently used as a commercial villa and is currently let to a tenant as an event location in the art scene. The villa impresses with its architecture and the typical charm of times gone by, paired with modern customization options that make it a unique property. Surrounded by spacious outdoor areas and the practical room layout, this commercial villa is not only beautiful, but also a unique investment property. - Numerous design options for different utilisation concepts such as: Single-family house/boutique hotel/mixed property: commercial and residential. - sensational location: great visibility / El Terreno the IN neighbourhood / close to the newly renovated Paseo Marítimo as well as Plaza Gomila. - two entrances: main entrance with possibility to park Joan Miró / rear entrance to Paseo Maritimo. - fantastic yield property for several commercial concepts - increasing property value. - Historic architecture with prestigious entrance area - High ceilings and spacious rooms - Good connection to the public transport network

Type of property

Investment

Total surface

660 ㎡

Plot size

900 ㎡

El Terreno: Location and surroundings of this property

There was once a neighbourhood that was the centre of culture, the good life and glamour in Europe. For decades, world-famous writers, actors and artists stayed in its houses, turning the neighbourhood into a little Paris, living in a golden age that is still remembered on the island. In the legendary Plaza Gomila, the epicentre of the neighbourhood, celebrities and people from the area would meet up and organise get-togethers, show films in their original version and hold cultural events under the shade of the pine trees and with the calm bay of Palma as a backdrop. More than half a century has passed since then. And today the neighbourhood of El Terreno, one of the most historic and emblematic in Palma, is recovering its splendour with the creation of a new first-class housing project, Gomila. A unique opportunity to live in one of the most authentic areas of Palma, in first-class homes just a few metres from the sea, the Bellver forest and the most exclusive restaurant, shopping and leisure areas and the international schools of the city.

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Mallorca Commercial

Mallorca Commercial

C/ Nuredduna, 12, Piso 1 Puerta 1A | Palma | Spain

Registry number: GOIBE728083/2024

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