Investment property (residential & commercial building) with building permit - in the middle of the old town of Palma de Mallorca!
Description:
Investment property with planning permission - in the heart of the old town of Palma de Mallorca! It is a multi-family house with currently 5 floors and in need of refurbishment. The approved project envisages 4 floors. A total of 4 apartments (1 on each floor with balcony) and 1 commercial premises on the first floor will be built. Each apartment will have a usable area of approx. 63-69 sqm, of which approx. 48 sqm will be pure living space. The commercial premises will have a store area of 38 sqm and a usable area of 70 sqm. An elevator in the stairwell has also been approved and offers additional comfort. Please contact us for further information or to arrange a viewing. All information without guarantee. Kensington reference: KPP07556
Location
The old town of Palma, also known as the "Casco Antiguo", is the heart of the capital of Mallorca and a fascinating labyrinth of narrow streets, squares and historic buildings. In the midst of this ancient backdrop rises the imposing cathedral of Palma, "La Seu", with its striking Gothic architecture that dominates the skyline. In addition to the cathedral, the old town also includes impressive remains of old city walls and city gates that once protected the city, as well as the majestic royal palace, "Palau de l'Almudaina". The atmosphere of the city is vibrant and lively, characterized by a rich cultural diversity and a lively hustle and bustle. There is an abundance of stores, from traditional craft businesses to modern boutiques, as well as a variety of restaurants, bars and cafés that fill the streets and squares with life. The old town is also a cultural center with numerous museums, galleries and historical sites that offer insights into Mallorca's rich history and culture.