Great investment opportunity in the best location

€4,000,000

214 m² Total surface

Description

This historic building sits on the prestigious Passeig del Borne, right in the heart of Palma's old town. Spanning a total area of 214 m2, the property comprises a ground-floor commercial space and an office on the first floor. Renovation will be necessary, affording you the opportunity to customize the interior according to your personal style, requirements, and preferences. The complete whole building can also be sold for 9.000.000€, which would also include 2 flats and 1 penthouse. 399

Engel & Völkers Commercial Mallorca

+34 871 622 222

Your advisor: Office Palma

Property ID: OI-SMA-399

Property details

Object type

Investment

Condition

Needs renovation

Total surface

214 m²

Energy efficiency information

Energy certificate available

Location: Centre, Palma

Paseo del Borne, or 'Passeig des Born' in Catalan, is arguably the most elegant avenue in Palma. Not surprisingly, many luxury designers such as Rolex, Louis Vuitton, Carolina Herrera, Sandro, have installed themselves here, and the area has been nicknamed the Golden Mile. Receiving the flow of traffic from both the busy high streets of Avenida Jaime III and Carrer de la Unió which leads to Las Ramblas, means a constant pulse of activity; yet, somehow, the wide promenade still offers some sense of tranquillity amid all the bustle.

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