€ 750,000
Flat for sale in Es Castell, Menorca
- 392 m2
- 9
- 5
- 98 m2
Description
An interesting opportunity to acquire an entire residential building in Es Castell, offering considerable potential for refurbishment and future rental income.
The property is arranged over four levels, in addition to a substantial accessible roof terrace enjoying panoramic views across the surrounding area and towards Mahón Harbour.
The ground floor comprises a private garage and an independent apartment.
On the first floor there are two separate apartments, each currently arranged with two bedrooms.
The second floor was originally configured as two independent dwellings and was subsequently remodelled to create one particularly spacious apartment. This configuration may offer interesting possibilities for the future, subject to the relevant technical and planning requirements.
The third floor accommodates a further apartment, originally arranged with three bedrooms. One of the bedrooms was subsequently converted into a terrace with partial harbour views, while another was transformed into a private sauna and spa area.
This upper apartment provides access to an impressive roof terrace extending across the entire footprint of the building, offering attractive panoramic views.
The property would benefit from refurbishment and updating, but its size, configuration and location provide considerable scope to create an appealing residential investment in Es Castell. Depending on the purchaser's objectives and subject to all necessary permissions, it could be considered for long-term rental, the creation or reinstatement of several independent residential units, or as a wider refurbishment and investment project.
Three of the units are currently let. The contractual position and terms of the existing tenancies will therefore need to be reviewed and taken into consideration by any prospective purchaser.
A property offering multiple possibilities in an established location close to the harbour, particularly suited to purchasers looking for an entire building with existing accommodation, garage space and significant potential to add value.
Features
- Flat
- Bedrooms: 9
- Bathrooms: 5
- Build Size: 392 m2
- Plot: 98 m2
- Energy Efficiency Rating: In Progress