Exclusive residential investment opportunity in Ciutadella (Off Market)

For Sale, EUR 583,000


Ciutadella de Menorca, Ciutadella de Menorca, Balears, Illes, 07760,

Property Type : Apartment

Property Style : N/A

Build Size : 5,274 ft² / 490 m²

Land Size : 1,786 ft² / 166 m² Convert Land Size

Bedroom : 11

Bathroom : 4

Half Bathroom : 0

MLS#: 324072


Property Description

Complete urban building located in one of the most established and sought-after residential areas of Ciutadella, representing an interesting investment opportunity with great potential for residential repositioning or mixed-use.The property is sold as a complete asset, allowing for a global and flexible intervention on the entire building. It has a ground floor plus two levels and a total constructed area of approximately 530 to 540 m², on a plot of about 170 m².Currently, the layout is organized as follows:Ground floor: commercial premises or multipurpose space. First floor: a large apartment. Second floor: two independent apartments. This current configuration allows starting from an already structured base into several units, with the possibility of studying an interior redistribution project aimed at developing four or five good-sized apartments, or maintaining the ground floor as a commercial space, garage, workspace, or loft-type apartment, always subject to applicable urban planning regulations and corresponding technical validation.The structure is in good general condition, and improvements in facade and energy efficiency through the SATE system have already begun, adding value to the asset and allowing for flexible interior rehabilitation without the apparent need for major structural interventions.From an urban planning perspective, it is a building with consolidated volume, without integrated protection, and with available technical documentation, which enhances its appeal to an investor, local developer or individual seeking a heritage project with potential.Its location, close to the historic center, services, shops, educational centers, and administrative areas, enhances its appeal for both a future sale strategy and for an investment.
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Exclusive residential investment opportunity in Ciutadella, Spain is a 5,274ft² Spain luxury Apartment listed for sale EUR 583,000. This high end Spain Apartment is comprised of 11 bedrooms and 4 baths. Find more luxury properties in Spain or search for luxury properties for sale in Spain.