Majorca Property News

Palma, residential and commercial building in the center L02227

Residential and commercial building with extensions potential rented or vacated in the center of Palma at Paseo Mallorca. Price: 5.500.000 €

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directly on the historic old town of Palma de Mallorca, located is this residential and commercial building dating from 1960 on the Paseo Mallorca between the popular Santa Catalina district and the Paseo Maritimo in the best city location. The residential and commercial building stands on a 380 m² corner plot and has a living and usable area of 1,864 m² on 4 floors. An increase of 2 additional floors is permissible. The 5 apartments (47sqm, 96sqm, 144sqm and 2 x 168sqm), (3 offices 122 m² and 2 x 358 m²), 2 business premises (68 m² as well as 148 m²) and 2 small storage rooms are currently rented. The apartments will be exempted at the end of 2017, the leases for the offices and business premises will expire at the end of 2018. A continuation of all leases can be negotiated. There is no need of renovation.

Palma de Mallorca is the power center of the Balearic Islands, where the Government and the largest port, the largest airport and most infrastructure facilities are located. The center of the town is the historic old town within the city walls demolished in 1902, whose course is today followed suit from the city ring road.

Price: 5.500.000 €

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