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Centre, Palma
Building in Prime Location BORN
Price
€7,500,000
This recently renovated historic apartment building is located on the exclusive Passeig del Borne in the heart of Palma's old town. The property, with a total area of 586 m2, consists of 2 flats, 1 penthouse and a commercial space located on the ground floor and first floor. There is a lift from the mezzanine. The duplex penthouse measures 150 m2 with a light-filled and open living and dining area with access to a large and beautiful terrace with lots of privacy and views of the stately trees of the Passeig. The modern, fully equipped kitchen is also on this level and has access to another terrace. There are two spacious bedrooms, both with en-suite bathrooms and built-in wardrobes, as well as another room that could be used as a second living area or an office. On the 2nd and 3rd floor there are 2 flats of 80 m2 each. The flats consist of a bright living room with a French balcony facing the Paseo del Borne. The bedrooms have their own patio and an elegant en suite bathroom with built-in wardrobe. All flats have beautiful DICA fitted kitchens and have been finished with high-quality materials such as Duravit, Corian, Grohe Essence and Cosmic for the bathrooms, Porcelanosa stone, stone tiles, original sandstone, wooden beams, large Climalit windows and air conditioning in all flats. The commercial area is 224 m2 and consists of two floors and a basement. The floors and walls still need to be laid. The three flats are currently let on long-term leases, the commercial space is currently vacant.i flats are currently let on long-term leases, the commercial space is currently vacant. A great investment opportunity to own a whole building on Palma's most important commercial street. 111
Object type
Investment
Condition
Needs renovation
Total surface
586 m²
Energy certificate available
No
Paseo del Borne, or 'Passeig des Born' in Catalan, is arguably the most elegant avenue in Palma. Not surprisingly, many luxury designers such as Rolex, Louis Vuitton, Carolina Herrera, Sandro, have installed themselves here, and the area has been nicknamed the Golden Mile. Receiving the flow of traffic from both the busy high streets of Avenida Jaime III and Carrer de la Unió which leads to Las Ramblas, means a constant pulse of activity; yet, somehow, the wide promenade still offers some sense of tranquillity amid all the bustle.
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