This fantastic investment option is located in one of the prime locations in the highly solicited Santa Catalina neighborhood. It consists of the existing building, the approved project, and a license to begin construction tomorrow. The layout of the property is excellent and built on three floors as follows:Ground Floor, Entrance, garage with movable glass, open plan fully fitted kitchen, dining and living room area which naturally flows out to the terrace, garden and private swimming pool, making this entire area both comfortable and very social. This floor is completed with both a laundry and storage room.The first floor includes three double bedrooms, each with an ensuite bathroom.The second floor is the magnificent master refuge with a lounge offering access to the 30 sqm rooftop terrace, dressing room, and an ensuite bathroom, in all offering plenty of space overlooking the garden and pool area.The estimated cost of construction, completion, and interiors is 1.009.000€ using high-end materials and brands such as underfloor heating, central A/C, soundproofing, bespoke kitchens with Miele appliances, Huguet handmade tiles, silent glass, Duravit, and KNX home automation. Santa Catalina is the place to be in Palma! There is no other place in Palma like this "barrio", with the local market which offers fresh produce every day except on Sundays and the diversity of restaurants and bars which have turned Santa Catalina into the ultimate hotspot on weekdays and especially on weekends. Come in the morning to shop for your groceries at the market or have breakfast in one of the cafes. Or sit down for lunch or dinner and choose from the many restaurants offering food from all around the world. On weekends, several clubs open their doors for dancing and drinks. Over the last few years, this place has developed from a fishing neighborhood, one of the oldest and most historic ones of Palma, into modern living behind the traditional facades. Many of the low-rise houses contain studios and apartments that have been beautifully restored and modernized and have attracted many buyers from Scandinavia and other European countries. Palma’s old town is only a quick walk away, and the seafront promenade is ideal for running, rollerblading, or cycling towards Portixol and further to the Playa de Palma.