Located in one of the most sought after areas of Palma, this 240 sqm plot is the ideal opportunity for investors looking for a highly profitable project in the heart of the city. With a buildability of 100%, it is possible to build up to 4 floors and a total of 960 m² above ground, including 2 basement floors for garages, with elevator access, which guarantees ample parking space in one of the most sought after areas.
Project characteristics:
Plot area: 240 m²
Total buildable area above ground: 960 m² (960 sq.m.)
Allowed height: 4 floors, with space for terraces and swimming pools.
Corner building: Wide frontage on two streets, maximizing visibility and access.
Possibility to build: 2 basement floors for garages with at least 8 parking spaces, access by elevator.
Distribution:
2 first floors of approximately 80 m² each
2 first-floor apartments of 105 m² each
3 duplexes on second and third floor of 140 m² in total, with private terrace and small swimming pool
Estimated Profitability:
2 first floor apartments: 300.000€ each, with a parking space. TOTAL: 600.000€.
2 second floor apartments: 500.000€ each, with a parking space. TOTAL: 1.000.000€.
3 duplexes (140 m² each): 1.000.000€ each, with garage, terrace and swimming pool. TOTAL: 3.000.000€.
Total Estimated Sales: 4.600.000€.
Project Costs:
Plot: 1.000.000€ (including purchase costs)
Building (demolition, project, license and work): 2.300€/m² TOTAL: 2.300.000€.
Total Costs: 3.300.000€.
Exclusive Location:
Located in one of the most dynamic and sought after areas of Palma, Pere Garau stands out for its proximity to all urban amenities and its excellent connectivity. Just 15 minutes drive from Palma Airport, this plot is in an ideal location for those who wish to enjoy urban life without giving up the proximity to the best beaches of the island and exclusive leisure areas.
Nearby Places of Interest:
Beaches: A few minutes by car there are beaches such as Playa de Palma and Playa de Can Pere Antoni, perfect to enjoy the sea and the sun.
Shopping centers and stores: The neighborhood is well connected to Palma's shopping areas, such as the Porto Pi Shopping Center and Paseo Mallorca.
Schools: Within walking distance, you will find Mother Alberta College and other quality educational institutions for families looking for nearby options.
Leisure and cultural areas: The area is close to numerous restaurants, bars and cafés, as well as important cultural centers, such as the Auditorium of Palma and the Es Baluard Museum.
Accessibility: Only 5 minutes from the center of Palma and with quick access to the highway, the property enjoys a location with excellent communication with both the capital and the main routes to the north and east of the island.
Ideal for Developers and Investors: This plot offers a unique development opportunity in one of the areas with the highest growth potential in Palma. With an estimated profitability of 4.600.000€, the project is designed to attract both residents and investors interested in a vibrant area, close to urban life, but also close to the tranquility of the beaches and natural areas.
For more information or to schedule a visit, do not hesitate to contact us, take advantage of this excellent investment opportunity in the heart of Palma!
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