TO RENOVATE – 3 FLOORS TOWNHOUSE WITH ROOFTOP IN FAMOUS WALKING ZONE HISTORIC OLD TOWN IBIZA

About the property

This property is a complete townhouse to be renovated with 3 floors and a fantastic new rooftop terrace, located in the heart of the Ibiza Old Town.

CALLE DE LA VIRGEN   
The property is situated in the famous “Calle de la Virgen,” a beloved romantic and commercial pedestrian street. Here, in every corner, you have shops, coffee bars, restaurants, and something new to discover every day.

REAL ESTATE INVENTORY 

Ground floor  +0
There is a buildable street-level indoor surface of 34 m2. 

First floor +1  and  Second floor +2
There is a buildable indoor surface of 38m2 for each floor.
 
Rooftop Terrace +3 to be built
The highlight of this property awaits atop a staircase: a marvellous rooftop terrace that offers breathtaking views of the surrounding skyline. Perfect for both a morning coffee as the city awakens and toasting to the evening under a starlit sky. 

LONG-TERM PROTECTED INVESTMENT 

The historic heritage of the Old Town of Ibiza is a protected area. As such, it is also a long-term investment protection.

With a price tag of € 360,000, this townhouse presents a rare opportunity to own a piece of history in one of the most sought-after locations.  

If you're seeking a permanent residence, this is a chance to immerse yourself in the timeless allure of the Old Town while enjoying the convenience of urban living with 148 m2 built.

If you are an investor, this project will deliver 1 or 2 properties for rent, and if required, to be resold. 

DEVELOPMENT OPPORTUNITY –  IBIZA HIGHLIGHT

This residence, once redeveloped, will offer not just a home but an experience steeped in Ibiza culture and elegance.

The development can blend the rustic allure of the past with contemporary comforts.

The interior design can pay homage to the historic surroundings while the concept is sophistication and modern style.

The goal is to create a cozy ambiance with a tasteful decor; every detail is carefully curated to ensure comfort and luxury.

The living space will be bathed in natural light, creating an inviting atmosphere. The bedrooms can be designed for tranquillity; they offer a serene haven for rest and rejuvenation inside a buzzing commercial area.

This modern private sanctuary will provide a retreat from the lively atmosphere below.

POTENTIAL PROJECT: 2 OPTIONS 

There are 2 main development options: 

OPTION 1: Create 2 properties
                  Commercial :  a street-front space for a boutique or a bar.
                  Residential :   a triplex attic apartment with floors +1, +2, and +3 with rooftop


OPTION 2: Create 1 residential property
                  A townhouse quadriplex atico with floors +0, +1, +2, and +3 with a rooftop

SHORT-FORM FEASIBILITY               
MODEL : BBRS ( Buy - Build - Rent - Sell Mid-Term 5 Years)

ABOUT THE AREA -  IBIZA OLD TOWN – PORT   

Ibiza City centre is one of the major attractions of the Balearic Islands, with all services at your service. UNESCO World Heritage area is in the old town, in the city centre. The old town of Ibiza offers a great atmosphere and is an opportunity for nice strolls in the port area up to the cathedral at the summit of the hill. From that vantage point, one gets amazing views over the city and on the other side to the open sea and Formentera. 

Next to the centre of Ibiza, on the side of the walking zone, you find the yachting marina, with a wide choice of restaurants, bars, and world-famous entertainment like Casino de Ibiza, in addition to nightclubs Pacha, Club Chinois, and Lio.  You can catch great sunsets from the Marina Botafoch.

On the other side of the City is Playa d’en Bossa, a 10-minute drive, with its famous entertainment and beach clubs Ushuaïa, Nassau, Beachouse, Tanit, and Coco Beach.

DO NOT HESITATE TO CONTACT US FOR A RELAXED VIEWING.
Don't miss your chance to make this extraordinary property your own.