Exceptional Investment Opportunity in Portixol – El Molinar, one of Palma de Mallorca’s residential areas with the strongest growth potential and demand.
Building with significant potential for residential development, ideal for developers and investors looking for an exclusive project close to the sea, in an established area with consistently high demand.
The plot on which the building is located allows for the development of a residential project, with the possibility of constructing a basement, a ground floor with a patio, a first floor, and terraces.
The property currently comprises:
252 m² built
109 m² of additional basement space
According to the Land Registry records, the plot has a total surface area of 252 m² and is located in the B2a urban planning zone, allowing residential development in accordance with current regulations.
Key planning parameters
Maximum permitted height: 8.5 m
Permitted development: ground floor + one upper floor
Maximum buildability coefficient (V max.): 0.4
The residential intensity (Irp 1/45) allows for the development of up to 4 homes, or alternatively 2 attached single-family homes.
URBAN PLANNING FEASIBILITY REPORT
There is no requirement to comply with any maximum building depth. Therefore, 100% of the net plot area may be occupied at ground level.
Gross cadastral area: 233 m²
Estimated road dedication: 60 m² (a setback of approximately 4 metres is required, with this area to be dedicated to the public road)
Resulting net plot area: 173 m²
Basement: Construction of a basement is permitted. As the plot is exempt from the building-depth limitation because it fronts onto two streets, the basement may occupy up to 100% of the net plot area (173 m²). This underground built area does not count towards the maximum permitted buildability and is ideally suited, and recommended under the regulations, for parking spaces and storage rooms associated with the homes.
The terrace of the existing building was completely renovated approximately 6 years ago, coinciding with the favourable approval of the IEE (Building Evaluation Inspection).
A unique opportunity to develop a premium residential project in one of Mallorca’s most sought-after locations.
Real Estate Agents Registered with ROAIIB – GOIBE65280/2024