Renovation Project Textile Factory With License For Luxury Conversion
4 Beds
5,167 Sqft
12,917 Sqft lot
Updated: June 23
4
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About the Property
Located in the charming area of Establiments, just minutes from Palma, this unique property offers a rare opportunity a former textile factory that has already been gutted and features a brand-new roof. With key structural work completed, the property is ready for conversion into a private residence. What makes this property exceptional is the valid renovation license already in place, allowin
Located in the charming area of Establiments, just minutes from Palma, this unique property offers a rare opportunity a former textile factory that has already been gutted and features a brand-new roof. With key structural work completed, the property is ready for conversion into a private residence. What makes this property exceptional is the valid renovation license already in place, allowing you to begin construction immediately without delay. A private garden area adds to the potential for creating an exclusive Mediterranean retreat tailored to your taste. Buyers can choose between developing their own custom finca – or acquiring the estate as a fully completed luxury home, as originally envisioned. Either way, this is a remarkable investment in a quiet, scenic location with excellent access to Palma.
Located in Palma, this property offers convenient access to Palma de Mallorca Airport just 12 minutes away. Residents enjoy proximity to Paseo Marítimo marina and a wealth of cultural sites including Palma Cathedral. The area features luxury dining, upscale shopping on Passeig del Born, and premier golf clubs nearby. Excellent schools including Palma International School are within easy reach, providing a balanced environment for lifestyle and education.