Engel & Völkers

Historic city villa in the up-and-coming neighbourhood

€4,500,000
  • 660 m² Total surface
  • 900 m² Plot surface

Description

This historic villa in El Terreno offers a unique opportunity to invest in a versatile property. Whether as a luxurious home, exclusive apartment block, commercial property or boutique hotel - the possibilities are almost endless. The charming location in an up-and-coming area and the proximity to all amenities make the villa a sought-after address. Take advantage of this opportunity and create a unique project here that combines the character and history of the building with modern requirements. The charming building is currently used as a commercial villa and is currently let to a tenant as an event location in the art scene. The villa impresses with its architecture and the typical charm of times gone by, paired with modern customization options that make it a unique property. Surrounded by spacious outdoor areas and the practical room layout, this commercial villa is not only beautiful, but also a unique investment property. - Numerous design options for different utilisation concepts such as: Single-family house/boutique hotel/mixed property: commercial and residential. - sensational location: great visibility / El Terreno the IN neighbourhood / close to the newly renovated Paseo Marítimo as well as Plaza Gomila. - two entrances: main entrance with possibility to park Joan Miró / rear entrance to Paseo Maritimo. - fantastic yield property for several commercial concepts - increasing property value. - Historic architecture with prestigious entrance area - High ceilings and spacious rooms - Good connection to the public transport network 657

Features
Air conditionTerrace
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Engel & Völkers Commercial Mallorca

Your advisor: Office Palma

Property ID: OI-SMA-657

Property details

Property type

Investment

Condition

Modernized

Parking spaces

2

Total surface

660 m²

Plot surface

900 m²

Flooring

Marble

Energy efficiency information

Construction year

1925

Energy certificate available

No

Location: Ponent District, Palma

El Terreno is an up-and-coming neighborhood that has developed strongly in recent years and is now one of the most sought-after residential and commercial areas of Palma de Mallorca. Characterized by picturesque alleyways, charming old buildings and a lively art and cultural scene, it is increasingly attracting investors, families and entrepreneurs. The villa benefits from its proximity to the city center and good connections to the public transport network. There are also restaurants, cafés, shops, parks and the picturesque beach promenade in the immediate vicinity. A renowned group of investors has given Plaza Gomila a new lease of life. The new residential area has already raised the standard and increased the value of the surrounding commercial and residential properties. The plaza is just a few minutes' walk from the fabulous villa.

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Engel & Völkers Commercial Mallorca

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Provider:

Mallorca Commercial

License partner of Engel&Völkers Commercial GmbH

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