Fantastic investment opportunity on the first line of the Paseo Maritimo, Palma. This ideal 60m2 2 bedroom apartment is located right on the Paseo promenade, directly opposite Mallorca's marina and next to the Palma Atenas hotel. It is located in the heart of the city and offers two separate entrances from the street: one at the bottom from the Paseo Maritimo and the other at the top from Federico García Lorca. Everything in close proximity: Mallorcan culture, the beach, designer shops, exclusive marinas and nautical clubs, extensive nightlife, world-class gastronomy, many hiking, cycling, speed skating and jogging routes, attractions, historic architecture and the Opera and Concert Hall located just a few steps from the hotel. Superb southeast facing location, secluded in the upper block (via 2 lifts) of La Caleta building, provides silence from road noise as well as sunlight throughout the day and gorgeous 180 degree panoramic views from Bellver Castle all the way ... to the Cathedral of La Seu and across the entire bay. One of the two bedrooms has access to one of the two balconies of the hotel. Both balconies face south and overlook the harbor and sea. Large floor-to-ceiling windows allow maximum natural light to enter the interior, making the salon a great place to relax. The newly refurbished bathroom includes a fully equipped kitchen. The structure of the house is nice, warm and calm. It also benefits from 24-hour service from two porters, a manager and a cleaning team to take care of all home and cleaning matters. The fee is 140 euros per month, and these constant cares and improvements to any decoration of the building help to maintain the value of the apartment in it. This sale has a condition as the property has a long term tenant (an elderly woman aged 80) who would like to stay there until her death. This gives the new owner a monthly income of 1.000 €. During this time, the building's value will rise thanks to the ambitious multi-million dollar expansion and value increase plans for the Paseo, which will begin in late 2021. The work is expected to last 20 months and be completed in 2023. Palma will then build a new 169,010 m2 embankment, creating a boulevard offering more walking and cycling paths, reduced traffic and pollution, and more trees planted. In particular, first line properties are expected to rise in value after construction is completed. Overall, this is a great investment opportunity that generates income from day one and projected significant increases in value over the coming years. When the tenant vacates the property, the reform will add value to this property in an excellent location, ideal for both getaway, weekend getaway or permanent residency. Special Note: Due to this special time and restrictions, the senior tenant is not happy to host physical viewings, so this is an ideal opportunity for a local investor who understands and knows Palma and its buildings well.