Building Plot for sale in El Terreno, Palma de Mallorca, Mallorca

Reference: 04SBAP033JPb

Urban plot with building to demolish or renovate – Potential to build up to 3 storeys in El Terreno, Palma.

According to the Land Registry, the property currently has an existing building comprising commercial premises of approximately 67 m² (currently propped up) and a separate upstairs residence with a storage room measuring around 36 m².

The true value of this property lies in its zoning classification and the potential of the plot:

• Vertical development: Under the area’s planning regulations, there is potential to develop a larger-scale project and build a building of up to 3 storeys (subject to current regulations and the granting of planning permits).

• Project versatility: The plot allows for either complete demolition and new construction or a full refurbishment and reconfiguration while retaining the existing structure, should you prefer to keep the commercial premises with a separate apartment.

A perfect opportunity to maximise your return on investment in a high-demand urban area.