16 bedroom commercial property for sale
Spain - Palma de Majorca, Mallorca, Balearic Islands
like this property?Call: 03339 872249
- 15,198 sq ft (1,412 sq m)
- 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
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: 200.5m².
• Basement Area: 200m²
Details of the upper floors (apartments) are as follows:-
• 1st Floor: open space currently divided into 3 unoccupied studios. Area of 200m².
• 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 180m².
• 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 180m².
• 4th Floor: currently divided into 2 apartments with rentals that end in 2016. Area of 180m².
• 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 180m².
• 6th Floor (Tower): studio apartment in a tower, on 2 floors with the possibility of amalgamating with the 5th floor apartment. Area of 50m².
• Rooftop: a rooftop terrace, part of which belongs to the tower. There are also 4 storage rooms with a total built surface area of 50m².
TOTAL BUILT AREA: 1,412m².
- Palma de Mallorca (International), 5.1 miles
- Ibiza/San José (International), 83.6 miles
- Menorca (International), 86.2 miles
*Distances are straight line measurements. This feature is currently in beta.