Historic Building in the Heart of Old Town

€ 1.090.000

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This complete corner building on Calle Sindicato offers a fantastic investment opportunity. Located on one of the busiest pedestrian streets in Palma, the building is flooded with natural light and sunshine. The commercial ground floor spans 85 sqm and features an attractive corner showcase. Above this, there are four spacious apartments, each with around 45 sqm of living space. Every apartment has a separate bedroom, a living room with an open kitchen, and a bathroom. The front windows have balconies and the side windows face south, offering plenty of natural light and warmth. All of the apartments have their own certificate of occupancy and individual electricity supply meters, making them perfect for rentals. The building is in good structural condition and has passed its technical inspection (ITE). All five properties are currently rented out, providing a great opportunity for generating rental income with high demand. Alternatively, the building offers potential for rehabilitation and resale. Don't miss out on this rare chance to invest in a property with such great potential.