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
