Arabic Duplex Penthouse in Palma with Roof Terrace 450,000€

Description

Description

Arabic Duplex Penthouse in Palma


Characteristics

Price 450,000€
Beds 4
Baths 2
Built space 140m2
Roof terrace 30m2
Floors 2
Lounge areas 2 and a reception
Style Arabic
Security Secure entrance with intercom at the bottom of the building.  Two secure private entrances in to the apartment
Distance to Palma In Palma 2 minutes from La Rambla
Orientation North facing
Views Over the city rooftops to the Caputxins Convent and theTramuntana mountains in the distance
Parking Several public car parks nearest is a 5 min walk

Summary


 

Even for such a big space this Arabic duplex penthouse apartment with roof terrace has a homely / cosy feel about it. These apartments are not frequently seen on the market but the owner has decided to downsize, now that his children have left.

This is a truly authentic and unspoilt example of the charm and character of Arabic design but its true beauty is far from fully exploited. To see its full potential this apartment has loads of scope as a renovation project and the price has been reduced below market value to account for further investment. Being in an area of cultural importance and protection this is a stable investment.

Roof Terrace

The 30m2 roof terrace adds even more value to this apartment offering a private place to enjoy the sun and the views over the roof tops to the Caputxins convent with the Tramuntana mountains in the distance.  You can soak up the history of the location and the magnificence of the island at the same time. The roof terrace is in good condition with good-as-new floor tiles and recently renovated roof tiles.

Kitchen / Diner

Kitchen

Kitchen Size 8.94m2
Oven / stove 1
Refrigerator 1
Freezer 1
Microwave 1
Washing Machine 1
Hobs 4
Pantry Yes

A Premier Location


In addition, this is a fantastic location. The apartment is on a quiet in-road just a two minute walk off the fashionable area of La Rambla. This is right in the heart of the highest class of Palma’s cultural offering. You are minutes from the best al-fresco café’s, bars, boutique shopping and the theatre. You are also a 5 minute walk from ‘Passeig del Born· Lined with high fashion shops and cultural landmark for Mallorquin fiestas. You are also 5 minutes from the Cathedral and Plaza d’España, where you will also find the central transport hub for the busses, coaches and trains, taking you to all four corners of Mallorca and the airport. In addition, you are just a 15-minute walk from the beach. You are also in walking distance from several public car parks, the closest being just a 5-minute walk.

Development potential

The property has to be seen in order to get a real feel for its potential, it comes full of character out-of-the-box but the owner reduces the price to allow for investment and we will always assist in further negotiation where possible.  The value of this apartment can certainly be increased and being in a protected location, this is a solid investment.

Notes from High-level inspection 

 

Outside the Property

Condition of the Mailbox Good
Noise pollution Minimal for the location
Neighbouring houses Terraced apartment block
Road and sidewalk condition Standard for the area
Other Observations Near La Rambla and central all the best amenities of the city centre

Roof condition

Are the fascia and ridge lines level Good for the location
Broken tiles or holes Nothing noticed
General condition Recently renovated

Walls

Are the walls straight, particularly at upper levels and around doors and windows Some distortion
Paint condition Discoloured with age
Signs of damp Yes

Condition of wooden fixtures

Condition of any wooden surfaces (including floors, supporting beams and sheds) Would recommend checking

Doors

The base material condition OK
Presence of uneven or flaky paint Varnished wood
The presence of a working door bell / Knocker Door bell
How smoothly front door opens and closes Fine
Working lock on front door Yes
General condition of the doors Front door looks new the rest look old and need restoration or replacement

Electrics

Check all lights work Yes but would recommend electricians review of wiring throughout the building
Check air conditioning units work Not in good condition

Condition of wooden fixtures

Condition of any wooden surfaces (including floors, supporting beams and sheds)

Would recommend checking

Doors

The base material condition

OK

Presence of uneven or flaky paint

Varnished wood

The presence of a working door bell / Knocker Door bell
How smoothly front door opens and closes Fine
Working lock on front door Yes
General condition of the doors Front door looks new the rest look old and need restoration or replacement

Electrics

Check all lights work Yes but would recommend electricians review of wiring throughout the building
Check air conditioning units work Not in good condition

Locality


In addition to the authenticity of the apartment you are in the heart of cultural Mallorca in this location.

La Rambla Market 2 min walk
Boutique Shops All around the area, closest being a 5 min walk
Passeig del Born 5 min walk
Catedral-Basílica de Santa María de Mallorca 10 min walk
Plaça d’Espanya 10 min walk
Palma Beach 20 min walk
Airport 15 min drive
Cala Major Beach 15 min drive
Portixol (Port, marina, beach, cafe’s and bars) 10 min drive

Contact

Contact
  • Category
    Apartments, Plots, Projects & Investments, Property for Sale & / or Rent
  • Location
    Mallorca, Palma
  • Tags
    apartment for sale, apartments, apartments for sale, apartments for sale in Palma, apartments in palma, calle can oliva 8, project, projects, properties, property investment, real estate, renovation project

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Arabic Duplex Penthouse in Palma with Roof Terrace 450,000€
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