Townhouse for sale in El Terreno, Palma de Mallorca, Mallorca

Reference: 04SBAP035JP

Unique investment opportunity in Palma with great development and profitability potential.

A multi-unit property is for sale, currently comprising several homes and independent spaces, with a total of seven active rentals generating immediate income from day one.

The property has approximately 193 m² of land and around 180 m² of built area according to the Land Registry, currently distributed across several homes, rooms, a garage and a patio. It also offers a roof-free configuration and multiple development possibilities.

Ideal for investors wishing to maintain the current returns, as well as developers or private buyers seeking a project with significant potential for capital appreciation. The existing units could be renovated and sold separately, the spaces reconfigured, or additional floors developed to increase the buildable area (subject to planning regulations and the relevant permits).

Located in a high-demand area of Palma, this property represents an excellent opportunity thanks to its versatility, prospects and potential for future use.