Penthouse in El Terreno to renovate, Palma de Mallorca - Opportunity

Discover this attractive penthouse located in the sought-after area of El Terreno, Palma de Mallorca. With a built area of 58 m² and a usable space of 53 m², this property represents an excellent investment for those looking to renovate to their taste or carry out a flipping project. This bright property features a 12 m² terrace where you can enjoy the Mediterranean climate all year round. It has one double bedroom and one single bedroom, as well as a full bathroom; ideal for creating your dream home or renting it out easily given its privileged location close to the city centre and the best local attractions. The building is home to few neighbours, guaranteeing peace and quiet; it is also delivered with an active electricity supply and a habitation certificate already processed. Located on the second floor with no lift, in a building in good condition. The sale price of the property is 275,000 euros, which includes the real estate agency fees and the corresponding VAT on those services. This price does not include the ITP transfer tax or corresponding VAT, which stands at 8%, nor notarial or registration costs, estimated indicatively at 2%, all of which must be paid upon signing the corresponding public deed. The tax percentages are calculated on the final public deed price and may vary depending on subsidies, grants, age and other personal circumstances of the buyer.