€ 1,700,000
Apartment for sale in Pere Garau, Palma de Mallorca, Mallorca
- 538 m2
- 11
- 4
- 491 m2
Description
This building, located on Beatriz de Pinós Street, near Aragón Street, Palma de Mallorca, offers an extraordinary opportunity for both investors and developers. Its location, in one of the city’s most promising areas, and its layout make it the perfect starting point for high-yield projects.
With a built area of 527 m2 and a B3x urban classification, the development possibilities are broad. On one hand, it can be transformed into a modern building with up to 8 dwellings tailored to the current market needs, including spaces such as parking and attractive common areas, such as terraces or even a communal pool. On the other hand, its design and structure also allow for a complete rehabilitation that preserves its historic character and positions it in the premium market as 5 exclusive luxury homes with high-quality finishes.
The Pere Garau area is undergoing constant transformation, with growing demand for housing from both local and international buyers. This building enjoys a privileged location, close to essential services such as supermarkets, public transport, schools, and restaurants, ensuring its appeal to multiple buyer profiles.
Whether to develop a project from scratch or to preserve and modernize the existing one, this property represents a secure and strategic investment, with great potential to maximize profits and add value to Palma’s real estate market.
Features
- Apartment
- Bedrooms: 11
- Bathrooms: 4
- Build Size: 538 m2
- Plot: 491 m2
- Energy Certificate (Consumption): G
- Energy Certificate (Emissions): G