The Art of Homes
The Art of Homes
The Art of Homes
For Sale
€2.500.000
Vega Associates is proud to offer you this wonderful majorcan palace, with a lot of potential, which was built in 1900.
The “palacete” is located in El Terreno, one of the most characteristic areas of Palma, close to Porto Pi, Paseo Marítimo and minutes away from Bellver Park and its magnificent castle. Today this is the new booming area of the capital city of the island.
The property measures 921m2, built on a plot of 530m2, 300m2 of which are terraces and the romantic patio with its plants, decorations, columns and arches.
Originally it was a restaurant, hence on the ground floor we can still step into a reception area with large spaces and the remains of an old kitchen and refrigeration rooms.
Further on, we can reach the first and the second floor, with a very similar layout and distribution of space and finally we finish our tour on the rooftop of the building, that, just like the highest point of the tallest building of an ancient village, dominates the whole area, offering a breathtaking 360′ view.
The current owner refurbished most of the property, including the electrical system and the installation of a lift (Schindler brand).
The future of this building
The property is now for sale for 2.500.000euros and a full renovation of the building is recommended, especially the areas which were used as storages, that can be turned into apartments. The new owner can refurbish to create a massive private home with 300m2 of outdoor space.
Any plan the new owner will have in mind, Vega Associates, with its construction and project management team, can assist with the entire project, the permits and the final works.
We look forward to receiving your message to arrange a viewing!
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Owning a home is a keystone of wealth… both financial affluence and emotional security.
