COMMERCIAL

Renovation Opportunity: 17th Century Home with Spacious Land Plot in Palma de Mallorca's Eastern Region

€ 1.990.000

This historically and artistically significant property, located in the east of Palma de Mallorca, presents a unique opportunity for restoration and development. With a plot of 4 hectares, the property boasts traditional architecture dating back to the XVII and XVIII century, with rectangular floor plans and a central square inner courtyard of 134 square metres. Thick stone walls and a large half-pointed arch on the main façade add to the property's charm, along with oak doors, an entrance porch of 33 square metres, and the doorway of the old chapel.

The property is divided into two different properties with different interiors, as well as large old stables with a height of two floors. It has 3 fireplaces, an independent garage of 33 square metres, and electricity from Endesa with a single meter for the whole building. The property features its own well and pump, cistern, and septic tank evacuation system.

Permitted works include the consolidation, conservation, restoration, rehabilitation, and an increase in the number of dwellings of a maximum of one for every 120 square metres of constructed area. The walls of the exterior facades of the entire complex must be respected to preserve the traditional typology.

Additionally, the property boasts the potential to develop a new house and swimming pool on the spacious plot. With plenty of potential and the possibility of grouping more properties in the near future, this is a truly unique opportunity not to be missed.