Apartment with shared Studio rental option - very good ROI.

Apartment with shared Studio rental option – very good ROI.

This spacious, bright apartment was renovated by the current owners, and the original floor plan was redesigned to incorporate a separate studio apartment in addition to the 3 bedrooms.

It is now ideal for renting out as a shared apartment but it also offers many options of use, for one’s own family and friends,

The property comprises an entrance area with 2 bedrooms. One is a single room, the other a double, incorporating the round brick part of the building with a large window front.

From the living room, one has access to another spacious double room with a balcony and a half-open kitchen with a pretty tiled floor.
A small hallway leads to the bathroom with a shower.

Another door leads to a spacious living and sleeping area, kitchenette, and bathroom en suite. This is the studio area.

The building has a shared terrace

Location:

Pere Garau is a district of Palma which is located in the northeast of the town center. Although it is only a 15-minute walk from the city center (Plaza Mayor), hardly any tourists are seen in this area. Although there are no impressive monuments or beautiful buildings, this district has its own authentic charm.

The Mercat Pere Garau is one of the most traditional market to visit in Palma. Prices are much cheaper than at the Mercat Olivar or Mercat Santa Catalina. In the middle of the market square, there is a market hall that is open Monday to Saturday from 6:00 a.m. to around 3:00 p.m.

On Tuesdays, Thursdays and Saturdays it is busier, as stalls are set up outside the market hall. The atmosphere here is fantastic: customers crowd around the stalls, the market traders tout their wares and the scent of fresh herbs fills the air. At the outdoor stalls there is a variety of vegetables and fruit, as well as flowers and plants for home and gardens. Most stalls offer local products from Mallorca. There are various fruit and vegetable stalls and also a large selection of meat and fish, some bakeries, and some stalls with wine and local delicacies. There are also tapas bars and even a sushi stall, in Pere Garau.

And if you love the sea, you are not far from the Paseo Maritimo and the Playa de Palma at the port of Portixol.

Equipment:

* Vintage design tiles in the kitchen
* UPVC windows with double glazing
* External shutters
* Stucco-decorated ceiling in the living area
* Gas ​​heating
* Good parking in front of the building
* The old town is within walking distance
* Good investment property

More information:

* Garbage fees: 126 euros per year
* IBI / property tax: approx. 260 euros per year
* Community costs: 30 euros per month

The renovation of the front facade is planned, but no decision has been made by the residents. A cost estimate is available.

We are Main Agents in the area and can offer you personal service and local advice.
Call: Charles Westlake-Wood for more information or to book a viewing appointment on 0044 7930107125 & or on Whatsapp.