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16 bedroom commercial property for sale

Spain - Palma de Majorca, Mallorca, Balearic Islands

€3,000,000

like this property?

Call: 03339 872249

Commercial information:

  • 15,198 sq ft (1,412 sq m)

Key features:

  • A fantastic investment opportunity
  • 16 bedrooms
  • 16 bathrooms
  • Immediate financial return due to the presence of commercial units on the ground floor
  • Structurally in excellent condition
  • Three shops/commercial units
  • Possibility to redevelop 8 apartments, including a duplex penthouse with terrace, and 3 studio apartments.
  • Basement that occupies the total floor space of the property

Full description:

A fantastic investment opportunity has arisen in Palma de Mallorca, the capital of the Balearics, to develop a number of high-quality apartments. The building can be found with an immediate financial return due to the presence of commercial units on the ground floor. Built in 1955, the property is located in the La Missi / Mercat historical neighbourhood in the Centre of Palma. Structurally in excellent condition, it consists of three shops/commercial units with the possibility to redevelop 8 apartments, including a duplex penthouse with terrace, and 3 studio apartments. The property also has a basement that occupies the total floor space of the property.

Details of the commercial units at ground floor level are as follows:-

Shop 1 (current rent 1,100 p/m)
Shop 2 (current rent 900 p/m)
Total area: 200.5m.

Basement Area: 200m

Details of the upper floors (apartments) are as follows:-

1st Floor: open space currently divided into 3 unoccupied studios. Area of 200m.

2nd Floor: currently divided into 2 offices / apartments, rented at 670 and 550 per month, that can be amalgamated into an apartment with a courtyard and a large balcony that borders this floor. Area of 180m.

3rd Floor: currently consists of a large apartment with 5 bedrooms, 3 bathrooms, kitchen and 2 balconies. The rental contract has just concluded and the tenants are in the process of vacating (price was 1,000 per month). There is the possibility to divide into 2 apartments. Area of 180m.

4th Floor: currently divided into 2 apartments with rentals that end in 2016. Area of 180m.

5th Floor: currently consists of 1 unoccupied, large apartment. It has 5 bedrooms, 3 bathrooms, kitchen and 2 large balconies. There is the possibility to divide into 2 apartments. Area of 180m.

6th Floor (Tower): studio apartment in a tower, on 2 floors with the possibility of amalgamating with the 5th floor apartment. Area of 50m.

Rooftop: a rooftop terrace, part of which belongs to the tower. There are also 4 storage rooms with a total built surface area of 50m.
TOTAL BUILT AREA: 1,412m.

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Palma de Mallorca (International), 5.1 miles
  • Ibiza/San Jos (International), 83.6 miles
  • Menorca (International), 86.2 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Vogue Exclusive, Mallorca

Calle Cerda 3, Palma, Mallorca, 07013, Spain
03339 872249  Local call rate
About Vogue Exclusive, Mallorca

Vogue Exclusive is a discrete, professional property finding service that focuses on a highly personalised and specifically tailored service.

Based in Palma de Mallorca, our small but experienced and multilingual team of experts are able to be close to both the Spanish and English market and understand international clients. We are able to give invaluable advice, a professional and personal service selecting the most suitable property for you, without wasting your time. Whether it is beachfront homes or investment properties, villas or apartments, we have hand-selected the best properties for sale & rent in Mallorca! So, take a look through the site and discover your next dream home...only with Vogue Exclusive!

We provide the most professional, informative and dedicated service in the industry. The best interests of our clients will always come first and we will place the clients concerns as primary in each and every transaction. Our small team approach philosophy ensures your needs are important and recognized by each member of our organization.


Disclaimer

This is a property advertisement provided and maintained by Vogue Exclusive, Mallorca (reference InvestmentOppCentralPalma2) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Vogue Exclusive, Mallorca

Calle Cerda 3, Palma, Mallorca, 07013, Spain
or call 03339 872249
Calling from outside the UK? 0034686359268

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