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Completely partially renovated apartment building from the 19th century in the heart of the old town

376 m2
1.300 m2
4.900.000 €
Object-ID: 23033

This townhouse from 1888 is located in the old town district of Sant Jaume, right in the heart of Palma.

There are a total of 19 apartments with one to four bedrooms and sizes from 35 to over 200 square meters on over 1500 square meters. Each of the apartments has its own certificate of habitability.
The house has been maintained and renewed over the centuries. In recent years, the entire electrical system and water pipes have been renewed.

Most of the apartments are long-term rented via annual contracts with annual renewal and apartments that have become vacant are/were renewed or simply renovated.
This property is an interesting investment, as the sales prices for new and luxuriously renovated apartments in Sant Jaume average €8,000 per square meter.

We ask for your understanding that we can only forward you further documents and other relevant details about this extraordinary offer after a personal interview and a credit check.

Centuries old and very stylish, the Sant Jaume district is located between the elegant shopping streets of Passeig del Born and La Rambla.
The streets between the Gothic parish church Parròquia de Sant Jaume and the Convent de Santa Magdalena, characterized by stylish mansions, are home to a variety of elegant cafés, wine bars and first-class restaurants. Many of these breathtaking villas from the 18th and 19th centuries have been converted into elegant boutique hotels and are now very popular with well-known personalities.

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Günter Schmitt-Wichmann
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