Apartment for sale in Pere Garau

A Unique Opportunity for Investors and Visionaries in Palma!

We present this flat with enormous potential located in Pere Garau, Palma. Living on this street means enjoying a central location that combines tranquility with the convenience of having everything you need just a few steps away, as well as excellent connections to the city's historic center. It is a well-established and very well-connected area.

Although the property has only 63 m² registered, its actual surface area is approximately 87 m², currently distributed into three bedrooms and one bathroom, with the added value of a large terrace that includes an extra space of around 10 m², perfect for converting into a studio, storage room or a practical outdoor laundry area, currently used as a bedroom.

The flat needs a complete renovation, and this is its greatest advantage! You will be able to design it entirely to your taste, optimizing every square meter and adapting it to the latest trends, resulting in significant added value.

It is also a great option for investors, as the property is currently rented out, generating income from day one. Its excellent location and the possibility of renovating with a high return on investment make it an extremely interesting option for any investor looking for a property in a central area of Palma.

Don't miss the opportunity to acquire a diamond in the rough in this location. The time to invest is now!

The sale price of the property includes the real estate agency fees, which will be paid by the seller, and does not include the ITP, which will be 8% for sales up to 400,000 EUR, or the corresponding VAT. Notary and registry fees are estimated at approximately 2% of the sale value and must be paid by the buyers upon signing the corresponding public deed. The percentage of taxes is calculated on the final price of the public deed and may vary depending on subsidies, aid, age, sale price and other circumstances of the taxpayer.

Real estate agency registered in the Official Registry of Real Estate Agents of the Balearic Islands (Registro Oficial d'Agents Immobiliaris de les Illes Balears) with REGISTRATION NUMBER: GOIBE730402/2024.