Balearic Islands, Mallorca, Palma de Mallorca, Spain

Ref. EXP13869
Discover an excellent investment opportunity right in the heart of Palma de Mallorca, just a three-minute walk from the iconic Plaza de España and the one of the city’s main shopping streets San Miguel, surrounded by cafés, shops and vibrant city life.
This flat has a floor area of 105 m2, offering a solid and versatile base for a renovation project with high returns. It currently features two spacious double bedrooms and a full bathroom, with a layout that optimises the space and offers the real possibility of creating a third bedroom and/or a second bathroom, significantly increasing its market value.
One of the property’s major attractions is its private terrace of approximately 12 m2, a feature particularly valued in central locations. Facing the interior of the building, it offers open, unobstructed views that create a pleasant sense of space and light, making it an ideal spot to design a chill-out area or outdoor dining space. Its peaceful atmosphere makes it perfect for year-round living, significantly enhancing the property’s appeal following its refurbishment.
The property, which faces the courtyard, combines privacy, tranquillity and plenty of natural light. Despite its location right in the city centre, the flat is free from street noise, making it a particularly attractive option for both owners and medium- to long-term rentals.
Set in a classic, elegant building with just two flats per floor and a lift, the property offers added exclusivity and comfort. It also has a mains gas connection, a feature increasingly sought after in high-quality renovations.
Its excellent location guarantees unbeatable connectivity, with immediate access to public transport (buses and trains), facilitating travel both within the city and to the rest of the island.
A property with great potential for appreciation, ideal for investors looking to develop an attractive project in one of the most sought-after areas of Palma.