Building Plot for sale in Pere Garau, Palma de Mallorca, Mallorca

Situated in one of Palma’s most promising areas with the highest demand for residential property, this urban plot of approximately 339 m² represents a strategic investment opportunity in a well-established part of the city. The scarcity of new-build properties in the centre of Palma, combined with constant demand for both purchase and rental, ensures that this development will be highly attractive.
The project involves the construction of a building comprising a ground floor, three upper floors and a penthouse level. The project consists of 6 two-bedroom flats, 1 exclusive penthouse with a spacious private terrace and 1 commercial unit on the ground floor. In addition, the project includes 7 separate storage rooms of approximately 3.70 m² each, a lift and a pleasant community garden area.
The plot has all utilities available at the plot boundary (water, electricity, sewerage, telecommunications and a paved access road) and offers pleasant views of the city. The planning permission was applied for in 2024, which significantly speeds up the processing times for the future builder.
Its location in the Pere Garau neighbourhood stands out for its excellent transport links and range of amenities, just a stone’s throw from public transport, supermarkets, restaurants and all the facilities needed for daily life. An ideal opportunity for developers and investors seeking a highly profitable residential project in the heart of the Balearic capital.
Locality and places of interest
Since the middle of the last century, it has become a locality that has intelligently known how to conserve its rich cultural and architectural heritage, without forgetting to offer the best services possible to tourists and residents. The city is well-known for its varied offer of art galleries and museums as well as for its excellent shopping in one of the countless fashionable designer boutiques.