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Properties

Premises with a housing development project in Santa Catalina

Santa Catalina · Palma

Ref. 5103SALE
205 m²
Yes
No
€470,000

The property

Nappo Real Estate is pleased to present this commercial premises located on the ground floor of Carrer Rossiñol, in Santa Catalina, one of Palma’s most established and sought-after neighbourhoods. The property has its own independent access from the street and is located in a building constructed in 2009. According to the Land Registry, it has a total built area of 188.76 m², distributed between 154.64 m² on the ground floor and 34.12 m² in the basement, while the cadastral information indicates 205 m² built. The property is being marketed together with the available planning documentation and a proposed project for its conversion into a residential property. Santa Catalina offers an exceptional setting close to Palma’s historic centre, the Paseo Marítimo and the marina, surrounded by restaurants, cafés, markets and local amenities.

The premises are currently completely open-plan and require a full renovation, providing an excellent starting point for a bespoke residential project. The proposed design makes the most of the existing floor area and its relationship with the private patio, creating a contemporary home with a clear distinction between the living and sleeping areas. The independent street entrance adds an additional level of privacy and character to the future residence.

The architectural proposal is based on clean lines, warm natural materials and a strong connection between the interior and exterior spaces. Large glazed openings, greenery and a restrained Mediterranean aesthetic are intended to enhance natural light and create a sense of continuity throughout the home. As the property is currently in need of a complete renovation, the future owner will have the opportunity to develop the finishes, installations and final layout according to the definitive residential project.

The possibility of transforming the existing premises is one of its most relevant features. The Nappo proposal presents a residential concept designed around the available space and the private interior patio. The property is currently registered as commercial premises, meaning that the change of use must follow the corresponding administrative and technical procedure. The urban planning documentation supplied refers specifically to the property at Carrer Rossiñol 15(A), ground floor.

An interesting opportunity for those looking to create a newly conceived home in one of Palma’s most characteristic neighbourhoods, as well as for investors seeking a property with residential transformation potential. Contact Nappo Real Estate for further information, access to the available documentation and to arrange a viewing.

With NAPPO you can SELL, BUY, RENT or INVEST in a property. We also have our own RENOVATION COMPANY with specialised staff, architects and designers; an in-house department to obtain the best MORTGAGE conditions on the market and an integrated LEGAL DEPARTMENT. With more than 40 ASSOCIATED AGENTS and 6 OFFICES across MALLORCA and MADRID, we are the partner who will accompany you from beginning to end throughout the entire real estate process. WHERE THERE IS NAPPO, THERE IS HOME.

Features

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Energy performance certificate

Consumption ratingConsumptionEmissions ratingEmissions
Consumption
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Energy consumptionkWh/m² year
Emissions
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CO₂ emissionskg CO₂/m² year

Multimedia

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The area

Santa Catalina · Palma

Explore the area and its connections. The exact address is shared only with qualified buyers.

Luca Montanini

Luca Montanini

Office Palma · Cala Major

LanguagesEnglish · Spanish · Italian

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How do you plan to buy? (Optional)

Calculate your mortgage in 1 minute!

Mortgage, taxes, costs and fees explained in four steps.

01 · Tax base and taxation

Property transfer tax (ITP)

We start from the advertised price. If you are considering an offer, enter the amount you would like to analyse here.

02 · Taxes, costs and fees

Transaction taxes and costs

Tax is recalculated using the stated tax base. Standard costs are fixed; only other costs can be edited.

ITP Illes Balears€38,300

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€47,000

Purchase price€470,000

Total transaction cost€517,000

03 · Purchase structure

How much would you like to finance?

Separate your purchase contribution from your contribution to taxes, costs and fees. Any shortfall is included in the financing.

Total own contribution€141,000Purchase contribution + cost contribution
Total transaction cost€517,000Purchase price + taxes, costs and fees
Financing as a share of the purchase price80 %
Mortgage principal€376,000
Indicative appraisal value€470,000Mortgage principal ÷ 0.80
04 · Mortgage simulation

Calculate your mortgage

Enter the interest rate and term to estimate your monthly repayment.

Indicative simulation based on current regulations and the information entered. Tax benefits require documentary verification by Infinity Finance and do not constitute a binding offer or definitive tax advice.

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