Apartment with Large Terraces and Possibility to Expand Built Area

Reference RH04291
Property Type Apartment
City Palma
Level 2
Living area 168 sqm
Plot size 203 sqm
N° of rooms 5
N° of bedrooms 4
N° of bathrooms 3
Balcony/terrace areas 103 sqm
Constructed area 261,26
Heating type Floor heating, Central heating system
Number of floors 2
Floor Terracotta, Stone, Tiles
Terraced Yes
Purchase price 1.850.000 €
Reference RH04291 Property Type Apartment
City Palma Level 2
Living area 168 sqm Plot size 203 sqm
N° of rooms 5 N° of bedrooms 4
N° of bathrooms 3 Balcony/terrace areas 103 sqm
Constructed area 261,26 Heating type Floor heating, Central heating system
Number of floors 2 Floor Terracotta, Stone, Tiles
Terraced Yes Purchase price 1.850.000 €
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Property description Bright apartment, with possibility to build two more levels, in a prime location in Palma's Old Town.

Located three minute walk to Paseo Born and four minute walk to Plaza España. This unique property offers ( two 85m2 apartments) comprising 4 bedrooms, 3 bathrooms, 2 charming interior patios and one large roof top private terrace.

The interior was recently renovated, part of the property has underfloor heating and there is a central heating system. The property can be legally expanded an additional 165m2. This possibility presents an interesting investment opportunity for the new owner. which could in the end be a property with four 2 bedroom apartments in a prime Old Town location. or it could be a fantastic large family home with rare and expansive outdoor space.

call us to learn more about this attractive property and to schedule a property visit.

Main Features Include -

Palma's central Location
Old Town prime street
Renovated building
Possibility to expand 165m2
Terracota flooring
Interior patios
Large 70m2 terrace
6 min. walk to the cathedral
1 min walk to public transport
6 min walk to the sea side promenade
Close to shopping, restaurants and Old Town landmarks

Palma, the capital of the Balearic Islands, located in the bay of the same name, has a pleasant climate all year (17.9 ° C annual average). Known for its tourism and elegant shops, this city also has one of the largest old town / historic quarters in Europe. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. A 3km sea side promenade lined with large palm trees framed by beautiful monuments, sea side restaurants and cafes make it live up to its nick name ‘Pearl of the Mediterranean’ In 2015, ‘The Sunday Times’ named it the world’s best place to live.

The Sant Jaume and Passeig des Borne, is Palma’s most luxurious and upscale shopping district. In addition to Lous Vouitton, Boss, Relojería Alemana and Rialto Living it’s also one of the most beautiful streets in the city. Paseo des Borne is lined up with high trees known as ‘plateros’ offering an idyllic stroll through the city. Exploring the small cobble stone streets adjacent to Borne you will find a great variety of souvenir shops, terrace cafes and art venues.

 
Energy certificate
Type: in process

If you are looking to purchase a property in Spain, you should consider financing to optimize your real estate investment!

Nowadays, it makes sense for everybody to mortgage when purchasing a property in Spain. There are many benefits, including tax deductions and maintaining liquidity, amongst others. Financing in Spain can be very different from financing in other countries, and the Lionsgate Capital team will be happy to explain the process to you in more detail, and how you can optimize your investment.

Lionsgate Capital is the leading mortgage broker in Spain, based in the Balearics. Our team of multilingual mortgage experts understands that every client is unique and will do everything possible to ensure you maximize your savings by always obtaining the best possible mortgae or financial solution to suit your specific preferences and circumstances.

Why contact Lionsgate Capital?

• We are one contact for all banks, both in Spain and in other jurisdictions
• Over 1000 satisfied clients with transactions between 1M€ and 30M€
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• We simplify the process saving you time, effort, and money!

Contact us for a free initial consulting!

Lionsgate Capital is fully registered in the Bank of Spain's register of real estate mortgage intermediaries with ID number D270. Lionsgate Capital is registered in data protection and all information is confidential. Our team offers independent and impartial advice.

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