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

Real estate development complex of 305 square meters in El Terreno.

Unique investment and development opportunity in one of Palma’s most promising areas.

The property for sale consists of a real estate complex made up of three independent cadastral references, with enormous potential for profitability, renovation, and increased value.

One of the references includes a home with independent access along with a ground-floor unit that is currently shored up; both offer multiple possibilities for reconfiguration and use. The unit can be used as commercial space, a garage, a studio, or integrated into a larger residential project.

The other two cadastral references currently have 7 active rental contracts (it cannot be viewed from the inside), generating immediate income from day one. The contracts are expected to end in the coming years. Due to the tenants’ occupancy situation and privacy, this part of the property cannot be visited at present.

The complex has approximately 305 m2 built and features a free-roof layout, offering extensive possibilities for development, full renovation, expansion, and reconfiguration, subject to urban planning regulations and the corresponding licenses.

The unit has access from Avenida Joan Miro, and the homes are on Georges Bernanos, number 5, with a large façade.

Ideal both for investors looking to maintain the current income and for developers or private individuals interested in carrying out a project with great potential in a high-demand, growth area of Palma.

A versatile property with strong outlook and multiple possibilities for future exploitation.