ARABIC DUPLEX PENTHOUSE IN PALMA WITH ROOF TERRACE 450,000€

  • 450000.00 Euro €
  • Published date: April 22, 2021
    • La Rambla, Palma, Mallorca, Spain

Arabic Duplex Penthouse in Palma

Price 450,000€
Beds 5 doubles or 4 with en-suite, office or walk-in wardrobe
Baths 2
Built space 140m2
Roof terrace 30m2
Floors 2 (The 2nd and the penthouse on the 3rd floor)
Lounge areas 2 and a reception
Style Arabic
Security Secure entrance and separate security gate at bottom of the stairs
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. At the bottom of the two floors is a security gate separating this duplex apartment from the ground floor of the building with one entrance. These apartments are not frequently seen on the market but this is a big space for one person, so the owner has decided to downsize.

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. So, this is a home with much more potential 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

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

Details

TypeFor sale
Property typeApartment
Num. Rooms5
Num. Bathrooms2
StatusTo renovate
Square Meters140
Square Meters (total)170
Num. Floors2
Floor Number2

Other characteristics

  • Terrace

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