Balearic Islands, Mallorca, Palma de Mallorca, Spain
- PROPERTY TYPE
Garage
- SIZE
5,630 sq ft
523 sq m
Key features
- Build in 1972
Description
Are you looking for a safe and high yield investment? We present you an excellent opportunity to acquire a set of 6 parking spaces and 28 storage rooms in a strategic location in Palma, with high profitability potential and easy management.
Characteristics of the property:
Modern and Secure Storage Rooms: 28 recently built storage rooms with double locking systems, 24/7 video surveillance and access via mobile app for agile management and remote access control. The dimensions of the storage rooms vary between 3 m² and 4.5 m², and the current rental prices range between 60€ and 90€ per month.
Profitable Parking Spaces: 6 parking spaces with a current rental rate of €90 each. Access is convenient and secure, ensuring high demand and constant occupancy.
Quality Infrastructure: The premises have an automatic access door, fire protection system, and all the necessary measures for the optimal operation of the asset. Safety and comfort are guaranteed for both users and owners.
Attractive profitability:
- Estimated current monthly income €2,000 (from rental of storage rooms and parking).
- Provisional yield 7%, with the possibility of increasing to 8.5% once the management of the asset is optimized, as an increase in income of up to €2,500 per month is expected.
This asset offers a quick return with low risk and appreciation potential as rent is optimized and management is improved.
Contact us for more details and secure your investment in one of the most sought after areas of Palma!
Balearic Islands, Mallorca, Palma de Mallorca, Spain
NEAREST AIRPORTS
Distances are straight line measurements- Palma de Mallorca(International)5.1 miles
- Ibiza/San José(International)83.7 miles
- Menorca(International)86.4 miles
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Notes
This is a property advertisement provided and maintained by Nappo real estate, Palma De Mallorca (reference 3378) 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.