Finca/Country House for sale in El Terreno, Palma de Mallorca, Mallorca

Reference: 04SBAP037JP

A unique investment opportunity in Palma, with significant development potential and strong returns.

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

The property has approximately 193 m² of land and around 90 m² of built area according to the Land Registry, currently divided into several homes, rooms, a garage and a patio. It also has an unrestricted-roof configuration and numerous development possibilities.

Ideal for investors looking to maintain the current rental income, as well as developers or private buyers seeking a project with significant potential for appreciation. The existing units could be renovated and sold separately, the spaces reconfigured, or additional floors developed and the buildable area expanded (subject to planning regulations and the relevant permits). The property has two cadastral references, each comprising several homes.

Located in an area of high demand in Palma, this versatile property offers excellent prospects and future income-generating potential.