Flat For sale Son Armadams

• 3 Rooms
• 1 Bathroom
• 110m²

PRODUCT EXCLUSIVELY FOR PROFESSIONAL INVESTORS.
Credit Assignment with Mortgage Guarantee in the Palma de Mallorca area.

Profitable asset through NPL (Non-Performing Loans) credit assignment.
The photographs may not correspond to the current state of the property (we do not have interior images).

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Do not miss this interesting investment opportunity in Palma de Mallorca.
Property located in the exclusive area of Santa Catalina.

Apartment in Santa Catalina, Palma de Mallorca - Your opportunity in the heart of the city!

Discover this apartment in the sought-after area of Santa Catalina, Palma de Mallorca. With 81 m² of usable space and a 15 m² terrace, this second-hand property to be renovated offers incredible potential to create your ideal home. Located on the 3rd floor. The property has 3 spacious bedrooms and 1 functional bathroom, perfect for families or investors looking for a property with character.

The location is simply privileged: situated just a few steps from the Paseo Marítimo and the historic center, you will find yourself in the epicenter of Palma life. Santa Catalina is a vibrant neighborhood where Mallorcan tradition coexists with a top-tier cosmopolitan atmosphere. Enjoy a lively market, trendy cafes, high-end restaurants, and a sophisticated nightlife. The proximity to the coast allows you easy access to maritime areas and to enjoy that Mediterranean lifestyle you have always desired.

This apartment, built in 1965, retains the charm of traditional Mallorcan architecture with authentic details. Its location on the 3rd floor guarantees excellent natural lighting and ventilation. Belongings include a garage, storage room, and parking space, essential elements in such a central area.

This is your opportunity to invest in a sought-after area, with full renovation potential and the best location in Palma. Do not miss this occasion!

This is an asset with potential for both residential use and investment, in a market characterized by constant demand for housing in consolidated areas.

There is no access to the property nor detailed information about its interior characteristics, state of conservation, or layout, so any interested party must carry out the appropriate checks and due diligence before formalizing the operation.
Credit Sale: The right to collect and the mortgage guarantee are transferred. The buyer is subrogated to the position of the current creditor.
No possession: The property cannot be visited. The acquisition of physical possession will depend on the completion of the judicial procedure.
Cash operation: It is not possible to finance this purchase through a conventional bank mortgage, unless the buyer provides other guarantees in case of requesting financing.
Advantages: Acquisition with a significant discount on market value. Ideal for investors specialized in the management of foreclosed assets (REOs) or debt recovery.
LEGAL NOTICE: The information provided is merely informative. It is recommended to carry out legal and procedural due diligence before formalizing the operation.
We have a wide portfolio of NPL, CDR, and REO properties throughout Spain.