Attractive investment opportunity in prime location of Palma near Santa Catalina & Jaime III

Amenities and special features of this apartment

Type: Apartment • Region: Palma • Construction year: 1983 • Total surface: 184 ㎡ • Total rooms: 5 • Bedrooms: 4 • Bathrooms: 3 • Living space: 163 ㎡ • Parking: 1 • Fireplace • Heating type: Gas • Floor type: Tiles

In an absolutely desirable location, just a few minutes' walk from Santa Catalina as well as the exclusive shopping street Jaime III and the old town, is this spacious apartment with exceptional potential. The combination of urban living, established neighborhood, and excellent infrastructure makes this property particularly attractive.
The apartment impresses with plenty of daylight and numerous large windows that create a bright and friendly atmosphere. The layout is well-thought-out and generously designed: there are a total of four bedrooms and three bathrooms, one of which is en suite. The spacious kitchen offers a variety of design possibilities.
A patio as a private outdoor area, which can be transformed into a wonderful green oasis with a little creativity, a quiet retreat in the middle of the city.
The property is in need of renovation, offering an excellent opportunity for owner-occupiers with a desire for design or investors who want to exploit the full potential of this location.
The building comprises only four owners, ensuring a pleasant and private community. The location itself is quiet yet lively, with a supermarket, cafés, and all daily necessities right at your doorstep.
This attractive offer is rounded off by an underground parking space and an exceptionally large storage room.
A rare opportunity to secure a property in one of Palma's most sought-after locations, with great development potential and sustainable value.

Santa Catalina: Location and surroundings of this property

Santa Catalina is a vibrant and charming neighbourhood in the city of Palma de Mallorca, known for its blend of traditional and modern flair. Originally a fishing district, Santa Catalina has evolved into one of the trendiest and most popular areas of the city. It is located west of the city centre and close to the harbour. The heart of Santa Catalina is its namesake market, Mercat de Santa Catalina. This market is one of the oldest in the city and offers an impressive selection of fresh products, including fish, meat, fruits, and vegetables, as well as numerous stalls with local specialties. Around the market, many cafes, bars, and restaurants have established themselves, offering a diverse culinary scene. Here you can enjoy both traditional Mallorcan dishes and international cuisine. The architecture of Santa Catalina is also noteworthy. The narrow streets are lined with colourful, well-preserved houses in Mediterranean style. Many of these buildings have beautiful courtyards and offer a glimpse into the island's traditional construction methods. Santa Catalina is also known for its lively nightlife. Numerous bars and clubs attract both locals and tourists, creating a vibrant atmosphere late into the night. The neighbourhood is a cultural melting pot, attracting long-time residents, artists, expats, and young professionals. Thanks to its central location, Santa Catalina is easily accessible and an ideal starting point to explore Palma. It offers a perfect mix of tradition and modernity, ideal for those who want to experience authentic and dynamic Mallorca.

Energy Information

Year of construction: 1983 • Energy consumption value: 113.9 kWh/(m2*a) • CO2 emission: 26.6 kg/m2 • CO2 Emission Rating: E • Heating type: Gas • Energy efficiency rating: E

Commission details

Availability upon agreement

Engel & Völkers recommends having a qualified specialist check the legal situation of the construction. All material is based upon information, which Engel & Völkers considers reliable, but because third parties have supplied it, Engel & Völkes cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, and change of price or withdrawal without notice. Availability upon agreement. Taxes, notary and register fees must be paid by the purchaser, the commission for the estate agency must be paid by the seller as stipulated in the sales mandate.