Unique investment opportunity in the heart of the old town of Palma de Mallorca: 567 m² constructed building for sale, ideal for refurbishment as a spectacular luxury single family home or to be divided into several independent apartments. Situated in a quiet street, this property combines the typical historic character of the centre of Palma with already renovated structural elements which offer a solid base for any reform project. The façade has been recently refurbished, including windows, doors and the roof, which significantly reduces the initial refurbishment costs. The building has two private terraces offering natural light on all floors, as well as a valuable private parking space in the centre of Palma, a real luxury in this area. Thanks to its privileged location, just a few steps away from emblematic places such as the Cathedral, Paseo del Borne and Plaza Mayor, this property has a very high potential both for exclusive residential use and for highly profitable real estate investment through the creation of several designer apartments.One of the best-preserved old towns in Spain featuring the most amazing Gothic architecture in the Mediterranean surrounded by hundreds of narrow streets, excellent shopping, great restaurants, art galleries, museums, and amazing ancient passages leading to important historical monuments, landmark buildings, and the jewel of the crown: Catedral Santa Maria, La Seu. It is very popular for the nightlife and offers very trendy places to visit, like Passeig del Born, Avenida de Jaume III, Passeig de la Rambla, La Llonja and some of the most visited “Plazas”, such as Plaza Santa Eulalia, Plaza Cort, Plaza Mercat and Plaza Mayor among others. Casco Antiguo is one of the most desirable districts for property investment. Many of them have been renovated over the past few years and turned into luxury apartments with all the modern amenities.