Building with a fully approved planning licence to carry out a complete renovation and develop a project comprising 4 residential units and 1 commercial premises on the ground floor. An especially attractive asset for investors and developers looking for a solid opportunity in a strategic location, with strong residential demand and excellent rental yield potential.
Located in the very heart of Palma, the property is surrounded by all amenities, shops, public transport, restaurants, and urban life, making it an ideal option both for resale and for long-term rental investment.
The possibility of carrying out the project with the licence already approved represents a significant advantage, reducing timelines and providing greater investment security. Once the renovation is completed, the building offers strong potential to generate high rental income thanks to the area’s high demand for housing and the appeal of its location.
A value-added investment opportunity in one of Palma’s most sought-after areas, ready to be developed and monetised.
Call First Mallorca for further details about this exciting property!
In progress/ Exempt
