Old Town Apartment with Separate Studio in Palma

Reference RH04354
Property Type Apartment
Postcode 07012
City Palma
Level 2
Living area 190 sqm
N° of rooms 6
N° of bedrooms 4
N° of bathrooms 2
Constructed area 203
Heating type Electric heating
Air conditioning Cold/Warm
Number of floors 1
Floor Tiles, Parquet
Glazing Double glazed
Terraced Yes
Purchase price 795.000 €
Community fees 40 €
Reference RH04354 Property Type Apartment
Postcode 07012 City Palma
Level 2 Living area 190 sqm
N° of rooms 6 N° of bedrooms 4
N° of bathrooms 2 Constructed area 203
Heating type Electric heating Air conditioning Cold/Warm
Number of floors 1 Floor Tiles, Parquet
Glazing Double glazed Terraced Yes
Purchase price 795.000 € Community fees 40 €
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Property description Historic apartment offering ample living space, a calm setting and a rooftop studio.

This historic apartment is situated in a tranquil residential setting while remaining closely connected to its old town surroundings. The location offers a sense of privacy and restraint, creating a quiet living environment that feels composed and balanced.

The defining quality of the apartment is its generous volume. High ceilings and solid proportions give the interior a strong spatial foundation. The ceiling has wooden beams, most of the floor is comprised of traditional Mallorcan style tiles and the doors are of 150 year old wood. the front and back doors and windows are insulated with double pane glass. is The property is well maintained and offers a bright interior living area.

The apartment presents a very good starting point for selective modernization or aesthetic refinement. Existing structures and proportions allow for improvements to be carried out efficiently and in a cost-conscious manner, without compromising the character of the property.

On the rooftop level, the apartment holds a defined usage right to a studio of approximately 25 sqm. This level includes a communal terrace but the studio is private, just for this apartment. The terrace level studio adds a valuable additional layer of space to the property.

Overall, this property represents a spacious, well-balanced city residence with calm surroundings and a fair value proposition, offering the opportunity to further enhance the apartment through targeted and sensible upgrades.

Call us for additional information, a floor plan, and to schedule a property viewing
We speak Spanish, German and English

Main Features Include -

Historic building
Old Town Location
Quiet street
Walking distance to all old town landmarks
High ceilings
Exposed ceiling beams
Hydraulic Mallorcan floor tiles
Hard-wood flooring
Few neighbors
Ample interior space
25m2 roof top studio facing the community terrace - to renovate
walking distance to bars and restaurants, shopping and the sea side promenade

Living in Palma’s Old Town means being surrounded by history, culture, and Mediterranean charm. This enchanting quarter—one of the largest historic centers in Europe—is a maze of cobbled streets, grand courtyards, and timeless architecture. Highlights include the majestic Gothic Cathedral of La Seu, the Royal Palace of Almudaina, the elegant Lonja square, and the bustling Plaza Mayor. Just steps away, you’ll find designer boutiques, refined restaurants, and charming cafés with sun-drenched terraces perfect for people-watching. A short five-minute stroll leads you to the palm-lined seaside promenade, where the sparkling bay and vibrant marina capture the essence of island life. With its year-round mild climate and reputation as the “Pearl of the Mediterranean,” Palma seamlessly blends old-world heritage with modern sophistication, making it one of the most desirable places to live in Europe. Palma is just 15 minutes to the international Airport.

 
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€
• Interest-only mortgages available for HNW and UHNW individuals
• Our specialist team offers over 50 years of joint banking experience
• We obtain exclusive and preferential rates and conditions for all our clients
• 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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