Terraced Villa for sale in Palma de Mallorca, Mallorca

Bare ownership in Es Pil·larí – €270,000 – Not available for immediate occupancy

Only the bare ownership is for sale.

What does this mean? You acquire ownership of the property, but the usufruct holder retains the right to use and enjoy it for as long as the usufruct remains in force. During this period, you will not be able to live in the property or rent it out yourself.

Before contacting us, please bear in mind:

- The property is not available to move into and is not suitable if you are looking for your first home to live in now.
- It does not provide immediate rental income.
- This purchase is aimed at buyers with their own funds. If you require financing, you must first check with your bank whether it finances this type of acquisition; you should not assume that a conventional mortgage will be available.
- It is intended for buyers seeking a long-term property investment who do not currently need to use the property.

The property is located in Es Pil·larí, in a quiet residential area with good connections to Palma and Playa de Palma.

It offers 148 m2 of built area, arranged entirely on the ground floor with no dwelling above, comprising 3 bedrooms and 1 bathroom. It stands on a spacious plot, one of its main attractions thanks to the outdoor space it provides.

The original building dates back to 1916 and retains the character of the area’s traditional homes.

At the owner’s express request and to protect their privacy, photographs of the property will not be published, nor will its exact location be disclosed publicly.

Key features: 148 m2 built area · 3 bedrooms · 1 bathroom · Ground-floor home with no dwelling above · Spacious plot · Built in 1916 · Bare ownership only.

Asking price for the bare ownership: €270,000