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  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma
  • Property for sale in 07002 Palma

High-Potential Residential Conversion in Prime Palma Location

BUY: Multi-family house in Palma

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Overview

Ref. No.
KPP08307
Living Space
618 m²
Land Area
159 m²
Availability
Available
Location
Spain, Palma
Price
3.600.000 EUR
Nizar Massarani

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Description

In the heart of Palma’s historic centre, this former hotel from 1900 represents a rare opportunity to restore a landmark property of remarkable heritage value. Originally an early 20th-century inn and later officially classified as a hotel in the 1950s, the building reflects the origins of Mallorca’s tourism era.

The property preserves significant architectural elements, including hidden medieval arches on the side façade — remnants of the old oil market — adding exceptional character and historical depth.

With 768 ㎡ of constructed area and generous interior volumes, the building offers outstanding potential for transformation into an exclusive private residence or several high-end residential units (hotel licence no longer active). Living Space: 618 ㎡; Plot Size: 159 ㎡.

A distinguished restoration project in one of Palma’s most prestigious and authentic locations — ready to begin its next chapter.

Please contact us for further information or to arrange a viewing. The information contained in this exposé has been provided by the property owner; therefore, we cannot assume responsibility for the accuracy of the data. Kensington REF: KPP08307

More details

All information is provided without liability and is based solely on information provided by the client. No guarantee is given for the completeness, accuracy, or current validity of this information.

The property in Palma

The old town of Palma, also known as "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.

* Approximate location

Energy Performance Certificate

Energy performance certificate not required

Key data of the property

Year Of Build
1900
Living Space
approx. 618 m²
Land Area
approx. 159 m²
Condition
Needs renovation
Outdoor Spaces
2 Terraces
Property Type
Multi-family house
Nizar Massarani

Interested? Send me a Request

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BIMA Holding 2023 S.L.

Nizar Massarani
Calle Conquistador N° 8 bajo
07001 Palma de Mallorca
CompanyBIMA Holding 2023 S.L.

Interested? Send me a Request

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