Old-town palace requiring refurbishment with a renovated penthouse in a prime location in Palma

Details:

This gothic-barock building dates from the 13th century and is situated in a quiet street in a prime old-town location.

It consists of a renovated penthouse of 164 sqm which is currently designed as an open loft with kitchen and bathroom. If required 2 further bedrooms and a bathroom could be created. On the same level is a small breakfast terrace. A further terrace with views over the rooftops of Palma can be accessed by stairs from the living room.
The penthouse is fitted with modern gas central heating, parquet floors and traditional wooden windows with Mallorcan blinds.

The other part of the property, which requires a thorough renovation, has approx. 461 sqm distributed over the ground floor (148 sqm), a mezzanine level (144 sqm), and the bel-Etage (171 sqm).

There is also a traditional patio of 47 sqm.

The house has 2 separate entrances due to its corner-location, and the possibility is given to add a garage. The construction of a lift would also be possible.

In addition the building has original elements such as real panelled ceilings, family coats-of-arms, and antique sculptures.

Returns from holiday lettings:

Returns Calculator In terms of property type, this property is suitable for holiday letting. For initial orientation you can use the “Porta Holiday Returns Calculator” without obligation to calculate your potential returns from holiday letting.

NB: Due to the current legal situation it is possible that in certain municipalities renting restrictions may apply, or new touristic licences may not be granted. Your Porta Mallorquina real estate consultant will be pleased to advise you whether the property you have chosen is affected. Go to Returns Calculator.

Location & surrounding area:

Palma is Majorca’s first city home to 400,000 inhabitants. In addition to the historic architecture of the Old Town such as the Arab Baths or the buzzing entertainment district of ‘La Lonja’, Palma offers many beaches, marinas and the famous promenade Paseo Maritimo, stretching miles along the seafront accommodating the ample leisure activities that take place there. Here unlimited bars and restaurants are to be found, along with the new convention centre and City Theatre Auditorium.

Throughout the year the city offers a wide cultural variety. Many shops can be found in the large shopping centre on the ring road ‘Via Cintura’.

Also to be found in Palma is the only University of the Balearic Islands (UIB), the modern technology park ‘Parc Bit’, the largest concentration of international schools and the most modern hospitals (Clínica Planas and the new hospital Son Espases).

For transport, the city is one of the most modern infrastructures in Europe providing services such as the international airport "San Joan," the brand new Metro and the fully-developed and perfectly maintained road network.


This map shows the situation of the Palma City in Mallorca. We have compiled a selection of the most beautiful beaches, golf courses, marinas and hotels and restaurants for you.


All information is correct to the best of our knowledge. Errors and prior sale excepted. This prospectus is purely for information purposes. Only the notarized deed of sale is legally binding.

114810

Palma City

658 m²

196 m²

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in process

€ 3,000,000.-

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