Old Town Building

€ 1.090.000

This complete corner building located on the bustling Calle Sindicato in Palma is now up for sale. It boasts a bright and sunny atmosphere due to an abundance of natural light. With an attractive commercial premises on the ground floor, this property also includes four floors, one floor per floor, providing ample space for future development. The upper part features a terrace-solarium that provides breathtaking views of the surrounding areas. The commercial ground floor covers approximately 85 square meters and includes a commercial showcase in the corner. In addition, there are four apartments, each with approximately 45 square meters, consisting of 1 separate bedroom, living room with open kitchen, and a bathroom. The units provide front windows with balconies and windows with southern exposure on the side facade. All apartments have their certificate of occupancy and independent electricity supply meters. The building is in good structural condition and has already undergone technical inspection (ITE). All 5 properties are currently rented, providing an excellent opportunity for rental income with high demand. This property serves as a perfect investment opportunity for current rental income or even a rehabilitation project for future retail sale.