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Elegant apartment with two balconies and a private rooftop terrace in the historic centre of Palma
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Inmobiliaria en Mallorca
+ 34 637 020 200
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265.000 €
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In one of the most authentic and sought-after areas of central Palma, an interesting wealth-building investment opportunity is on offer: the acquisition of the bare ownership of a charming property, whilst the current usufructuary retains the life-long usufruct.
This transaction is particularly suited to investors seeking to acquire a property in a well-established part of Palma at a reduced price due to the existence of the usufruct, with a view to medium- or long-term investment.
The property is situated in a very quiet neighbourhood and enjoys a level of privacy that is hard to find in the heart of the city centre. Despite its central location, there is no road traffic directly in front of the property, providing a particularly quiet, secluded and pleasant atmosphere.
It has an approximate usable floor area of 69.67 m², according to the documentation provided, and is laid out as follows:
One of its main attractions is the exclusive use of a private roof terrace measuring approximately 26.65 m², an outdoor space that is particularly valuable in the centre of Palma.
The interior is in very good condition and retains a warm, Mallorcan-inspired aesthetic, with wooden floors, wooden interior joinery, exposed beam ceilings and various traditional features that lend it personality and character.
The location allows for easy walking access to shops, restaurants, cafés, public transport, amenities and cultural areas, enabling you to fully enjoy the atmosphere of Palma’s historic centre without needing to use a car.
Sale of bare ownership
The buyer will acquire title to the property, whilst the right of use and enjoyment remains with the usufructuary for the rest of their life.
Life-long usufruct
Full possession and availability of the property will be granted once the usufruct has legally expired.
Strategic location in Palma
A central, well-established area with high demand for property.
Quiet and private surroundings
A particularly quiet urban location, with no traffic passing in front of the property.
Private roof terrace
Approximately 26.65 m² for exclusive use.
Two balconies and an adjoining storage room
Features that enhance the property’s value and future functionality.
In very good condition
A well-maintained property, featuring warm materials and traditional details.
Medium- to long-term investment
A purchase option aimed at buyers who do not need immediate access to the property and are looking to establish a presence in one of Palma’s most attractive areas.
An opportunity to acquire a unique property in the very heart of Palma, with a private terrace, balconies, a storage room and significant potential for future appreciation.
📞 Contact us to find out the terms of the transaction, the valuation of the usufruct and all the legal and financial information relating to the acquisition of bare ownership.
Important: the sale comprises bare ownership only. The usufructuary will retain the right to use and enjoy the property for life; therefore, the buyer may not occupy, let or otherwise use the property whilst the usufruct remains in force.
Sale price: €265,000. Agency fees included and payable by the seller. Taxes and charges legally applicable to the buyer will be added to the price, depending on the type of transaction: Property Transfer Tax (ITP) or VAT/Stamp Duty (AJD), notary and registration fees. Energy performance certificate: Exempt. Marketed by: INMOBILIARIA EN MALLORCA · Official Register of Estate Agents of the Balearic Islands No. GOIBE580797/2024.
Property Features
- Reference M528U
- Type of Operation Bare title to property
- Type of property Flat
- Zone / City Centro / Palma de Mallorca
- Net Internal Area 86 m2
- Built Surface 107 m2
- Condition Good condition
- Bedrooms 2
- Bathrooms 1
- Year built 1988
- Floor 1
- Orientation East
- Exterior type External
- Facade Monolayer
- Kitchen type Independent - Equipped
- Heating type Electric
- Hot water Thermo Electric
- Interior Carpentry Wood
- Exterior Carpentry Wood / Climalit
- Type of Floor Parquet
- Views To the street
- Regime Libre
- Balcony
- Playground
- Phone Line
- Solarium
- Terrace
- Storage Room
- Armored Door
- Furniture
- Light
- Water
- Gas City
- Laundry
- Tv
- Exterior
- Gallery
- Food Pantry
- Pre-Installed Air Conditioning
- Hospitals
- Supermarkets
Energy Efficiency Rating
| Pending | Energy Consumption kWh/m2 Year |
Consumer Kg CO2/m2 Year |
Situation
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