Description

BUILDING IN NEED OF RENOVATION WITH 10 UNITS IN PALMA

Building in need of renovation with a total of 10 units including 2 locals (one of them renovated) in central location of Palma de Mallorca for sale. Only a few minutes walk from the Plaza de España and the historic centre of the old town, with schools and kindergartens, all shopping facilities, the city beach of Palma as well as all known highlights of the city of Palma in the immediate vicinity. The property, built in 1956, has a constructed area of around 920 m² on a plot of 260 m², which is currently divided over a total of 5 floors as follows:

  • 2 shops on the ground floor, each with an area of around 65 m², both with their own courtyard with an area of around 70 m².
  • 8 flats with an area of around 80 m², all with 2 double bedrooms and one single bedroom, 2 bathrooms and a living/dining area. The property currently has a total of 5 floors, but a preliminary project has already planned an extension to 6 floors in order to build a penthouse with an area of around 190 m² in addition to the existing units, as well as a terrace area of 90 m² as planned in the project, including a pool. Also planned in the project is a conversion of the retail space into residential space. The structure of the building is in an impeccable condition, which is important mentioning in relation to the renovation calculation.

Purchase price:

1,600,000 euros

www.sae-mallorca.com

Contact

C/Can Calafat 56, Planta 1, Puerta 11
07199 Palma de Mallorca
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The information given here has been published with great care. However, S.A.E Real Estate Mallorca cannot guarantee the correctness of the information and therefore does not guarantee the completeness, accuracy and timeliness of the same. Price changes or unannounced withdrawal of offers cannot be ruled out.

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