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Investment opportunity: Renovation property in Palma's Old Town
Apartment, Buy | Spain, Mallorca, Palma, Palma Oldtown
1,100,000 EUR
Price
3
Bedrooms
3
Bathrooms
343 ㎡
Living space
418 ㎡
Total surface
E&V ID W-02VCX0
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Amenities and special features of this apartment
Type: Apartment • Region: Palma • Total surface: 418 ㎡ • Terraces: 1 • Bedrooms: 3 • Bathrooms: 3 • Living space: 343 ㎡
Welcome to the heart of Palma's Old Town, where traditional Mallorcan charm meets modern luxury. This incredible renovation project represents an appealing investment opportunity and presents a townhouse that represents a piece of history of Palma's Old Town. The purchase price includes the building in its current state including a licence for the renovation and creation of two flats. The first flat presents a modern loft style and will include a spacious bedroom and a cosy pool terrace. This terrace will create a private oasis for relaxation and entertaining, perfect for sunny days and balmy evenings. The second flat is a duplex penthouse that will combine elegance and sophistication on two levels. With two generous bedrooms, including a luxurious master bedroom, and an additional roof terrace, this flat offers stunning views of the surrounding historic streets and monuments. It is an ideal retreat to enjoy the Mediterranean lifestyle to the fullest. Its location in the old town offers easy access to Palma's vibrant culture, charming boutiques, renowned restaurants and picturesque squares. Every day here is filled with endless discoveries and charm as you stroll through the cobbled streets and enjoy the beauty of the surroundings. If you are looking for a lucrative investment opportunity, this renovation project offers a unique chance to acquire a part of Palma's rich heritage. Seize this opportunity and be inspired by the beauty and potential of this exceptional property.
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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.
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