Ref 2025: Historic city palace with restaurant for sale in Palma El Terreno

Description

This spectacular palace from 1923 has recently been completely renovated and offers the new owner endless possibilities for use.
Whether as a luxurious single-family home, exclusive apartment building, commercial property or boutique hotel (up to a maximum of 20 rooms), event villa, bar or/and restaurant, coliving. The top location in Palma’s bohemian El Terreno district and the proximity to all amenities make the villa a sought-after address, within walking distance to the newly renovated hot spots of Plaza Gomila and the Paseo Maritimo. A perfect investment!

An official mortgage valuation by a valuation company approved by the Central Bank of Spain amounts to: €6,026,097.00

Possible uses:
1. Single-family house

2. Multi-family house, but 120 m² of living space per apartment is required

3. Commercial use only on the ground floor with direct access from the street

4. Administrative services

5. Tourist service (hotel), provided that the building is fully used for this purpose and is also a 5-star hotel, with a maximum of 20 rooms)

6. Public institutions, provided that the entire building serves this purpose.

7. Use of facilities: Only sports facilities are permitted.

An elevator is permitted, but always within the building and without changing its typology.

• Air conditioning: warm/cold
• Heizung: Air conditioning
• Floor: antique tiles
• View: Bellver Castle