description

This unique historic property in Palma, dating from 1630, is being sold in its current condition and presents an exceptional opportunity for redevelopment. Currently, the property has eight bedrooms, but the existing project proposes a conversion to twelve to thirteen bedrooms. In addition, there is the possibility to construct another building with approximately twenty-six bedrooms. The property already holds a licence to accommodate sixty-nine people. The property requires a comprehensive renovation and is ideal for use as a city hotel. An approved project exists for converting the residence into a five-star hotel with a restaurant and event spaces. An extension with a wellness area has been requested. This additional space allows for use as a hotel, a senior residence, or a combination of both. The property impresses with its fantastic views of the Tramuntana mountains, generous spaces, stone arches and rustic vaults. Its central location, close to the city centre and the airport, highlights the potential of this property. The extensive plot offers space for a Mediterranean garden with a swimming pool, while the large terrace and charming courtyard are perfect for outdoor entertaining. The trend towards five-star boutique hotels is unstoppable, a development that this property perfectly reflects. For those looking to invest in a high-end project combining tradition, nature and excellent infrastructure, this property could be exactly what you are looking for. The finca is connected to the municipal electricity network and has its own well, providing ideal conditions to bring your visions to life. #ref:4204