Palma - Old Town

APARTMENT

REI1033

FOR SALE

191 m2

2 BEDROOMS

2 BATHS

City view

Discover the charm of Old Town Palma with this unique real estate opportunity. Nestled in a historic building dating back to 1893, this property embodies the timeless charm of Mallorcan architecture.

Situated on a semi-corner with Concepció Street and adjacent to the prestigious SUMMUM HOTEL, this location offers both convenience and luxury. Step into a world where history meets modernity, where archaeological elements seamlessly blend with contemporary design. Absorb the rich heritage of the past, with features such as a majestic semicircular arch from the 20th century, standing tall at seven meters, and an underground Mozarabic cellar, boasting a height of four meters. Adorned with corbels and other intricate details, each corner of this property tells a story of centuries gone by.

Natural light floods every room, creating a warm and inviting atmosphere throughout. The project is thoughtfully designed for the construction of a duplex apartment, with a unique character. The home has a 191 m2 living area, showcasing the magnificent seven-meter high arch and cellar, and offers 2 bedrooms and 2 bathrooms.

This project has two purchase options:

Full Completion of the Duplex (191 m2):

This option involves purchasing the duplex in its completed state, totaling 191 square meters. With this option, you would acquire a fully constructed duplex ready for immediate occupancy or use. This could be a great choice if you're looking for a ready-to-move-in property without the hassle of construction or renovations.

Duplex in Current State with Additional 103 m2 Duplex Next to It as an Investment:

The second option presents an interesting investment opportunity. In this scenario, you would purchase the existing duplex in its current state, (currently going under renovation) which depending on the stage of the renovation at the time of the purchase it might require finishing touches and renovations. Along with this duplex, you would also acquire an additional, smaller 103 m2 duplex adjacent to it. This additional duplex could serve as an investment property, providing rental income or potential resale value in the future.

Other features: Patio

1,200,000 €