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Properties

Large Office with Potential for Change of Use

Palma

Ref. 5445SALE
2
88 m²
Yes
Yes
€250,000

The property

Nappo Real Estate is pleased to present this office for sale, located on the first floor of a nine-storey building constructed in 1960 in Palma de Mallorca. The property offers 88 sqm of built area and 83 sqm of usable space, representing an interesting opportunity for professionals, companies or investors looking for their own premises in the city. Its location provides access to Palma's everyday amenities, including shops, restaurants and essential services.

The office currently features four separate rooms and two bathrooms, providing a functional layout for a variety of professional activities. It also benefits from two outdoor spaces, adding value to the property and offering additional areas for everyday use. Its dimensions and existing layout allow for different possibilities when adapting the premises to the future owner's requirements.

The property requires renovation, offering the opportunity to update its installations and finishes and create a working environment suited to a particular business or professional activity. The existing equipment includes air conditioning.

The monthly community fees amount to €70 and include the water supply. The annual property tax (IBI) is €250, while the waste collection tax amounts to €126.70, according to the information provided. The property does not include a storage room. The asking price is €250,000.

With its generous usable area, existing layout and renovation potential, this office represents an interesting option for professionals, businesses and investors looking to establish themselves in Palma. Contact Nappo Real Estate for further information 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 dedicated staff, architects and designers; an in-house department to help you secure the best MORTGAGE 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 property process. WHERE THERE IS NAPPO, THERE IS HOME.

Features

LiftAir conditioningFurnishedTerracesOrientation North

Running costs

IBI€250.00per year
Community fees€70.00per month
Waste collection€126.70per year

Energy performance certificate

Consumption ratingEConsumption182Emissions ratingFEmissions54.8
ConsumptionE
A
B
C
D
EClass E
F
G
Energy consumption182kWh/m² year
EmissionsF
A
B
C
D
E
FClass F
G
CO₂ emissions54.8kg CO₂/m² year

The area

Palma

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

Lautaro Beltran

Lautaro Beltran

Office Palma · Foners

LanguagesEnglish · Spanish

Request your viewing

Preferred date · optional
Preferred time · optional
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.

Borrower 1€20,000

Illes Balears: reduced-rate band up to €270,151 and current eligibility limit in Mallorca/Menorca of €331,860. Subject to legal eligibility requirements.

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€20,000

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€28,700

Purchase price€250,000

Total transaction cost€278,700

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€78,700Purchase contribution + cost contribution
Total transaction cost€278,700Purchase price + taxes, costs and fees
Financing as a share of the purchase price80 %
Mortgage principal€200,000
Indicative appraisal value€250,000Mortgage 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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