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Apartment & condo for sale in Palma

USD 1,236,814

Apartment & Condo (For sale)

4 bd
5 ba
2,260 sqft
Reference: EDEN-T101013768 / 101013768
I am looking forward to Exclusive Investment Opportunity in Historic Building in the Center of Palma de Mallorca. Located in the heart of the old town of Palma, this emblematic building from 1900, with all the characteristics of traditional Mallorcan architecture, offers an exceptional investment opportunity. Located just a few meters from the prestigious 5-star SUMMUM HOTEL, this property boasts a valuable historical and archaeological past. Outstanding Features: Unique archaeological elements: the building houses an imposing semicircular arch from the **fifteenth century, **7 meters high, and a *Mozarabic wine cellar* below ground level, with 4 meters high. Other details such as corbels and original structures add a unique character. Advanced work: The structural reinforcement has already been completed with tie straps and iron beams in the upper floors. The sanitation work, floor slabs, stairs and stairs have also been completed and the lower floors will be replaced. In addition, the project has an approved license, official approval and a complete archaeological study carried out by Patrimonio, ensuring the historical value of the building. Flexible distribution: The current project contemplates the creation of **two exclusive duplexes*: - *Duplex 1*:206 m², includes the historic arch of 7 meters high and the Mozarabic wine cellar, bringing a unique character to the property. - Duplex 2*: 103 m², a more intimate option, perfect for those who are looking forWhat remains to be finished: The property is at a very advanced stage of work, with only minor works such as plumbing, electricity, carpentry, plasterboard partitions, flooring and the installation of kitchens remaining to be completed. The portal, staircase, patio and facade will be renovated by the community of neighbors, thus facilitating the completion of the project. Additional advantages: - *Generous height in all rooms: From 2.42 m to an impressive 7 meters, providing spacious and bright spaces. - Natural light in all rooms*, a luxury in the heart of the old town. - Nearby parking*: Agreement for the rental of parking spaces in the Las Ramblas parking lot, just 200 meters from the building. Prices and profitability: - Current price (work in progress): *1.200.000 € for both dwellings*. - Estimated sale price after completion: - *1.650.000 € for the duplex of 191 m²*. - 850.000 € for the duplex of 103 m²*. This is an ideal opportunity for investors looking for a project of high heritage value in one of the most coveted areas of Palma, with an attractive profitability margin and the prestige that comes with owning a restored historic building with unique archaeological elements. Don't miss the opportunity to be part of history and maximize your investment!
Features:
- Air Conditioning
View more View less Exclusiva Oportunidad de Inversión en Edificio Histórico en el Centro de Palma de Mallorca, ubicado en pleno corazón del casco antiguo de Palma, este edificio emblemático del año 1900, con todas las características de la arquitectura mallorquina tradicional, ofrece una excepcional oportunidad de inversión. Situado a escasos metros del prestigioso HOTEL SUMMUM 5 estrellas, esta propiedad cuenta con un valioso pasado histórico y arqueológico.Características Destacadas:Elementos arqueológicos únicos: El edificio alberga un imponente arco de medio punto del **siglo XV, de **7 metros de altura, y una *bodega mozárabe* bajo rasante, con 4 metros de altura. Otros detalles como ménsulas y estructuras originales añaden un carácter inigualable.Obra avanzada: El refuerzo estructural ya ha sido completado con zunchos de atado y vigas de hierro en los forjados superiores. También se han realizado los trabajos de saneamiento, soleras, escaleras y se procederá al reemplazo de los forjados inferiores. Además, el proyecto cuenta con licencia aprobada, visado oficial y un completo estudio arqueológico realizado por Patrimonio, asegurando el valor histórico del inmueble.Distribución flexible: El proyecto actual contempla la creación de **dos exclusivos dúplex*:- *Dúplex 1*:206 m², incluye el arco histórico de 7 metros de altura y la bodega mozárabe, aportando un carácter único a la propiedad. - *Dúplex 2*: 103 m², una opción más íntima, perfecta para quienes buscan un espacio exclusivo en pleno centro de Palma.Lo que falta por finalizar:La propiedad se encuentra en una etapa muy avanzada de obra, quedando pendiente únicamente trabajos menores como fontanería, electricidad, carpintería, divisiones de pladur, solados y la instalación de cocinas. El portal, escalera, patio y fachada serán renovados por la comunidad de vecinos, facilitando así la terminación del proyecto.Ventajas adicionales:- *Altura generosa en todas las estancias*: Desde 2,42 m hasta los impresionantes 7 metros, proporcionando espacios amplios y luminosos.- *Luz natural en todas las estancias*, un lujo en pleno casco antiguo.- *Estacionamiento cercano*: Convenio para el alquiler de plazas de garaje en el parking de Las Ramblas, a solo 200 metros del edificio.Precios y Rentabilidad:- Precio actual (obra en curso): *1.200.000 € por ambas viviendas*.- Precio de venta estimado tras finalización: - *1.650.000 € por el dúplex de 191 m²*. - *850.000 € por el dúplex de 103 m²*.Esta es una oportunidad ideal para inversores que buscan un proyecto de alto valor patrimonial en una de las zonas más codiciadas de Palma, con un margen de rentabilidad atractivo y el prestigio que otorga poseer un edificio histórico restaurado con elementos arqueológicos únicos.¡No pierdas la oportunidad de ser parte de la historia y maximizar tu inversión!
Features:
- Air Conditioning
I am looking forward to Exclusive Investment Opportunity in Historic Building in the Center of Palma de Mallorca. Located in the heart of the old town of Palma, this emblematic building from 1900, with all the characteristics of traditional Mallorcan architecture, offers an exceptional investment opportunity. Located just a few meters from the prestigious 5-star SUMMUM HOTEL, this property boasts a valuable historical and archaeological past. Outstanding Features: Unique archaeological elements: the building houses an imposing semicircular arch from the **fifteenth century, **7 meters high, and a *Mozarabic wine cellar* below ground level, with 4 meters high. Other details such as corbels and original structures add a unique character. Advanced work: The structural reinforcement has already been completed with tie straps and iron beams in the upper floors. The sanitation work, floor slabs, stairs and stairs have also been completed and the lower floors will be replaced. In addition, the project has an approved license, official approval and a complete archaeological study carried out by Patrimonio, ensuring the historical value of the building. Flexible distribution: The current project contemplates the creation of **two exclusive duplexes*: - *Duplex 1*:206 m², includes the historic arch of 7 meters high and the Mozarabic wine cellar, bringing a unique character to the property. - Duplex 2*: 103 m², a more intimate option, perfect for those who are looking forWhat remains to be finished: The property is at a very advanced stage of work, with only minor works such as plumbing, electricity, carpentry, plasterboard partitions, flooring and the installation of kitchens remaining to be completed. The portal, staircase, patio and facade will be renovated by the community of neighbors, thus facilitating the completion of the project. Additional advantages: - *Generous height in all rooms: From 2.42 m to an impressive 7 meters, providing spacious and bright spaces. - Natural light in all rooms*, a luxury in the heart of the old town. - Nearby parking*: Agreement for the rental of parking spaces in the Las Ramblas parking lot, just 200 meters from the building. Prices and profitability: - Current price (work in progress): *1.200.000 € for both dwellings*. - Estimated sale price after completion: - *1.650.000 € for the duplex of 191 m²*. - 850.000 € for the duplex of 103 m²*. This is an ideal opportunity for investors looking for a project of high heritage value in one of the most coveted areas of Palma, with an attractive profitability margin and the prestige that comes with owning a restored historic building with unique archaeological elements. Don't miss the opportunity to be part of history and maximize your investment!
Features:
- Air Conditioning
Reference: EDEN-T101013768
Country: ES
City: Baleares Palma De Mallorca
Postal code: 07012
Category: Residential
Listing type: For sale
Property type: Apartment & Condo
Property size: 2,260 sqft
Rooms: 4
Bedrooms: 4
Bathrooms: 5
Air-conditioning: Yes

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SALE PRICE PER SQFT IN PALMA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 657
+6.7%
+20.4%
Apartment
USD 643
+10.5%
+17.8%

AVERAGE HOME VALUES IN PALMA

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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