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    Unique Renovation Opportunity in Palma de Mallorca's Old Town
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    Unique Renovation Opportunity in Palma de Mallorca's Old Town

    395,000€

    Key information

    • 177 m²
    • 4 bedrooms
    • Has cellar

    Investment Breakdown

    Gross Yield:

    5.74%

    Time to pay off with rent:

    17.4 years

    Price Difference:

    -44.58%

    Expected Rent:

    1889€/month

    About this property

    Here's a diamond in the rough just waiting for your creative touch! This ground floor space in the charming old town of Palma de Mallorca is a whopping 201 square meters and desperately needs a complete makeover. But with its large mezzanine of 90 square meters and an additional 93 square meter basement, the possibilities are endless. Picture transforming this gem into a stylish loft or a cozy apartment while also having the option to set up a chic local commercial space or office in the mezzanine. You’ll love the quiet, pedestrian-only street it’s nestled on, which feels like a serene escape yet is only 5 minutes away from a vibrant mix of bars, restaurants, and shops. Whether you’re an investor hunting for a fantastic project or someone looking to create your dream space in one of Palma's most iconic areas, this is an excellent opportunity not to be missed! Let your imagination run wild!

    Local area information

    Date added: 07.12.2024

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