All images 1 390 000 €
Ref: S238000

Mallorca

Palma de Mallorca - Santa Catalina

Townhouse

Bedrooms 5 Bathrooms 4
Built area 180m² Terrace area 79 m² Pool Yes

Description

Contact

This unique town house is located in the cultural heritage declared area Es Jonquet
famous for its windmills and old fishermen houses.
It is a part of the trendy and popular area of Santa Catalina.
Es Jonquet is an enclosed residential area with no passing through traffic.
Only residents in the area are allowed to enter by car and parking in the area is free.
There is an indoor parking in the area with possibility to purchase a private parking.

The town house is in three levels. The ground apartment with a large and beautiful patio, with plenty of space and a lovely kitchen terrace and the upper apartment with a terrace overviewing the Cathedral and the harbor of Palma.
The patio and terraces are private with no opposite building or views from neighbors.

The present owners have chosen to keep the property divided into two separate and fully
equipped apartments, suitable for larger families or generations that prefer some privacy.
The two apartments can easily be transformed into one fantastic townhouse in three levels.
• Ground floor apartment with two bedrooms and a spacious living/dining area that
opens up to a large private patio via a folding glass wall.
• The upper apartment in two levels with three bedrooms, double bathrooms and
terraces facing south and north.
Both apartments have recently been refurbished using quality materials, preserving
original details and the original charm of the property.
Approximate housing area (to be measured):

• Ground apartment living space 80 sqm
• Ground apartment private patio 50 sqm

• Upper apartment living space (main area) 65 sqm
• First floor annex bedroom + bathroom 17 sqm
• First floor terrace 17 sqm
• Upper floor living space 18 sqm
• Upper floor terrace 12 sqm

Giving a total living area of 180 sqm and terraces/patio of 79 sqm.

The ground floor apartment generated rental income of Euro 20 481 for the period January to
August 2017. The majority of the income was from long term rental (30 days or more)
averaging some Euro 1 700 per month.
Other tenants have been professional yoga groups giving yoga classes in the patio and
serving breakfast and lunch in the apartment.

The ground floor apartment has a unique street address (no 8) with no neighbors, which
means that it’s possible to apply for a tourist license enabling short-term rental.
Although an application must wait until the authorities 12-months try-out period is over.
Today no tourist licenses are given for any properties in Mallorca.

Detailed description:
Ground floor apartment
Indoor area of 80 sqm + patio 50 sqm
• 2 bedrooms
• 1 bathroom with shower
• 1 separate toilet with sink
• Large kitchen with induction cooktop, oven and dishwasher
• Fans and ventilation channels from bathrooms and kitchen
• All electricity (no gas)
• Electrical floor heating covering the entire living area
• Air condition + heating installed in 2015
• Full wall foldable terrace doors in steel and glass
• Large private patio with olive and citrus trees
• Small “pool” with shower in patio
• Refurbished in 2015
Expected monthly rental income of 1500-1800 Euro (long term rental).
First and top floor apartment
Indoor area first floor: main area 65 sqm + annex 17 sqm
Terrace first floor: 17 sqm
Indoor area top floor: 18 sqm
Terrace top floor: 12 sqm

Upper apartment:
• 3 bedrooms
• 2 bathrooms with shower and toilet
• Large kitchen with induction cooktop, oven and dishwasher
• Fans and ventilation channels from bathrooms and kitchen
• All electricity (no gas)
• Air condition + heating installed in 2015
• Heat panels in kitchen, bathrooms and annex bedroom
• Kitchen with large terrace
• Kitchen open fireplace
• Large living room
• Top floor with terrace overlooking the cathedral and Palma marina
• Refurbished in 2013

Heating, stove and water heater is electrical for both apartments. Water heater of some
250 liters is placed in the ground floor apartment but serves both apartments (ground
and first floor).
The air conditioning system, Mitsubishi was installed in 2015. The main unit is placed on the
exterior west wall on top floor and it serves both the ground floor apartment and the first floor
apartment.

The apartments can be sold as 2 unites as well.
Upper apartment : 780.000 euro
Ground apartment 680.000 euro

Mari Ljungqvist Serneholt Estates
Mari Ljungqvist
Agent

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