421Invest in a unique opportunity in the sought-after old town of Palma de Mallorca! For sale is an impressive real estate package that 48.31 % of a charming residential building comprises. This property is centrally located between the vibrant C/San Miquel and the picturesque Las Ramblas - a first-class location with perfect connections and versatile usage potential.
The offer includes five apartmentsfour of which are currently let. This investment is ideal for investors who want to benefit from the high demand in Palma's city center. The rental contracts can be extended until November 2029 at the latest. The property is only being sold as a complete package, not as individual apartments.
Object description
The building dates back to 1989 and is in good condition. With a total constructed area of 421 m², it offers plenty of space and flexibility. A modern elevator provides comfort, and the communal courtyard garden gives the apartments a quiet and bright atmosphere - a rarity in the heart of Palma.
Division of the apartments
1ºA: 78 m², 2 double bedrooms, renovated kitchen, bathroom, living-dining room, utility room.
1ºB: 48 m², 1 double bedroom, kitchen-living-dining room, bathroom, utility room.
2ºA: 78 m², 2 double bedrooms, renovated kitchen, bathroom, living-dining room, laundry room.
2ºB: 48 m², 1 double bedroom, kitchen/living/dining room, bathroom, laundry room.
3ºA: 48 m², 1 double bedroom, living room/kitchen/dining room, bathroom, laundry room.
Most of the apartments have views of the main and rear facades and a bright inner courtyard garden.
Location
The central location in the historic district makes this property a real gem. There are countless stores, restaurants, cafés and cultural sights just a few steps away. The proximity to Plaza España ensures excellent connections to all public transportation such as bus, metro and train.
Why this object?
This exclusive property package offers an excellent opportunity to benefit from Palma's growing real estate market. The combination of a central location, existing rental yield and the potential for future appreciation makes this property an ideal investment.
PROPERTIES
- Sales area: 421 m² (48.31 % of the building)
- Apartments: 5 (4 rented, 1 vacant)
- Year of construction: 1989
- Condition: Good condition
- Location: Old Town Palma de Mallorca
- Total area: 421 m²
- Elevator: Available
- Energy class: E
- Communal garden: Very bright and quiet
- Transportation: Excellent public transport connections
This property offers an exceptional opportunity to invest in one of Palma's most attractive neighborhoods. Don't let this opportunity pass you by!
General information on the purchase:
Building law examination: Claus von Benz recommends that you have the building law situation of the property examined by a specialist lawyer.
Information about the property: All details in this exposé are based exclusively on information provided to us by the owner.
Disclaimer: Claus von Benz assumes no liability for the completeness, accuracy and timeliness of this information. We reserve the right to make changes and prior sale.
Delivery: Delivery by arrangement.
Costs: Taxes, notary and land registry costs: The taxes, notary and land registry costs incurred on the purchase are to be borne by the buyer.
Brokerage fee: The brokerage fee shall be borne by the seller in accordance with the sales contract.
We are here for you! If you have any questions about the purchase process or the property, we will be happy to help you at any time.
The Claus von Benz Real Estate team
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