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palma, balearic islands, 07198, spain

$1,990,000.00 Icon
40.753 Sq M
  • 7 Beds
  • 4 Baths
  • House

17th Century Renovation Project with Expansive Buildable Land in Eastern Palma de Mallorca

Reference: 221-PRY-bc71c82e

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PROPERTY DESCRIPTION

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A fascinating historic-artistic property in need of renovation, situated in a prime location with 4 hectares of land and the potential to build a residence and pool, in the eastern area of Palma de Mallorca. The traditional architecture houses known as 'possesió' date back to the 17th and 18th centuries, and are cataloged and protected. It features a rectangular layout with a spacious square central courtyard of 134 square meters. The main facade boasts a grand pointed arch, ancient oak doors, a beautiful 33 square meter entrance porch, and the portal of an ancient chapel.
Thick stone walls, measuring 80 centimeters, are still preserved, along with a large ancient communal cistern with a barrel vault. The property is divided into two separate units and various internal spaces, along with the area of the large old stables, which has a height of two stories. It includes three fireplaces and electricity supplied by Endesa, with a single meter for the entire building. The property also has its own well with a pump and cistern, as well as its own sewage system and septic tank.
An independent garage of 33 square meters is also available. The permitted renovations for this listed building include consolidation, preservation, restoration, and restructuring, with the possibility of increasing the number of apartments to a maximum of one apartment for every 120 square meters of built area. The characteristic surfaces and construction solutions of traditional typology must be maintained, and the external facade walls of the entire complex must be respected. Additionally, there is the opportunity to construct a house and a pool on the large plot, making this property a remarkable opportunity with potential for future expansion by acquiring additional properties

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PROPERTY DETAILS

  • Property type House
  • Property Size 40.753 Sq M
  • Cooling Yes
  • Heating Yes
  • Air Conditioning Yes
  • Rooms 12
  • Bedrooms 7
  • Full Bathrooms 4

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