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PICTURES ARE LOADING...

Investment: Historic apartment in the old town of Palma for refurbishment

Spain > Balearic Islands > Mallorca > Palma
USD 413,981

Apartment & Condo (For sale)

1,292 sqft
Reference: FULY-T256 / 5453
Situated in an ancient building in Palma's old town, this is a wonderful opportunity to create an old town dream. There are 2 apartments for sale, a basement apartment, which also runs on the ground floor and another apartment on the first floor. The apartment on the lower floors, with a total of about 120 m², is in need of major renovation. The upper apartment is already renovated. It has about 130 m² of living space, which is divided into 4 bedrooms, 1 bathroom, a kitchen and a living-dining room. Almost all windows and doors are preserved from the year of construction and have been lovingly refurbished.In both apartments the original tiled floor is preserved and gives a special flair. The entire building has been restored with great attention to detail and exudes the charm of times gone by. This is crowned by the communal roof terrace, which offers a magnificent view over the roofs of Palma. There is the possibility to buy both apartments together or separately. 845,000 € is the total price for both apartments!Original tiles, original window and door elements, 2 patios, storage roomsPalma is the vibrant capital of the largest Balearic island, Majorca. With beautiful squares and quaint streets, the old town of Palma convinces with a lot of charm. Many buildings are well preserved and lovingly restored. Above all, the Almudaina Palace and the nearby cathedral, La Seu, are enthroned. The magnificent palace was once built by the Arab ruler of Majorca. Even today, the Spanish king uses some of the premises during his stays in Palma. However, most of the palace is open to the public and always worth a visit. The approximately 400,000 inhabitants of Palma, however, are not only attracted by the beauty of their city, they benefit from a well-developed infrastructure with schools, doctors and shops. View more View less Situated in an ancient building in Palma's old town, this is a wonderful opportunity to create an old town dream. There are 2 apartments for sale, a basement apartment, which also runs on the ground floor and another apartment on the first floor. The apartment on the lower floors, with a total of about 120 m², is in need of major renovation. The upper apartment is already renovated. It has about 130 m² of living space, which is divided into 4 bedrooms, 1 bathroom, a kitchen and a living-dining room. Almost all windows and doors are preserved from the year of construction and have been lovingly refurbished.In both apartments the original tiled floor is preserved and gives a special flair. The entire building has been restored with great attention to detail and exudes the charm of times gone by. This is crowned by the communal roof terrace, which offers a magnificent view over the roofs of Palma. There is the possibility to buy both apartments together or separately. 845,000 € is the total price for both apartments!Original tiles, original window and door elements, 2 patios, storage roomsPalma is the vibrant capital of the largest Balearic island, Majorca. With beautiful squares and quaint streets, the old town of Palma convinces with a lot of charm. Many buildings are well preserved and lovingly restored. Above all, the Almudaina Palace and the nearby cathedral, La Seu, are enthroned. The magnificent palace was once built by the Arab ruler of Majorca. Even today, the Spanish king uses some of the premises during his stays in Palma. However, most of the palace is open to the public and always worth a visit. The approximately 400,000 inhabitants of Palma, however, are not only attracted by the beauty of their city, they benefit from a well-developed infrastructure with schools, doctors and shops.
Reference: FULY-T256
Country: ES
City: Palma
Postal code: 07003
Category: Residential
Listing type: For sale
Property type: Apartment & Condo
Property size: 1,292 sqft
No. of levels: 5
Floor: 1

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SALE PRICE PER SQFT IN PALMA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 668
+6.7%
+20.4%
Apartment
USD 654
+10.5%
+17.8%
* Average listing price
All homes for sale »
All homes for sale »

AVERAGE HOME VALUES IN PALMA

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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