Balearic Islands, Mallorca, Palma Nova, Spain
£1,376,038
€1,598,000
- PROPERTY TYPE
House
- BEDROOMS
4
- BATHROOMS
3
- SIZE
1,873 sq ft
174 sq m
Key features
- Near the beach
- Bedrooms: 4
- Garage
Description
Seaside investment opportunity in Palmanova Ideal for a hotel, residential, or tourist use.
Located in a strategic location in Palmanova, one of the most sought-after destinations in southwest Mallorca, this detached property sits on a 1,401 m² plot and represents a unique opportunity for investors. Just 50 meters from the sea and surrounded by hotels, shops, and tourist services, its privileged location makes it an ideal asset for developing a small hotel, tourist apartments, a multi-family residence, or another high-performance project in an area with a constant influx of national and international visitors. Partial sea views can be enjoyed from the upper floor and part of the exterior, significantly increasing its attractiveness and market value.
The property is located in an area classified as 'T' (Tourist) according to current urban planning regulations, which allows for the development of regulated tourist accommodations, such as hotels, aparthotels, or similar. Furthermore, it meets the requirements of Calvià's Tourism Offer Development Plan (POOT), being located within one of its authorized tourist areas. The planning requirements include a maximum permitted height of four floors (18 meters), a buildable area of 0.50 m²/m², a 25% occupancy rate, a volume above ground level of up to 30,000 m³, and a maximum tourist use intensity of one space per 70 m² of land. Furthermore, 95% of the buildable area must be designated for tourist use, and minimum facilities per space are required, such as a swimming pool, solarium, parking, and sports areas. These characteristics position the property as a solid foundation for a tourist accommodation project with high potential for profitability and future appreciation.
If you're interested in purchasing a detached property with great potential in this coveted area, this home offers significant development advantages: there's the possibility of building an additional floor without modifying the original structure, as well as a swimming pool, which considerably increases its value and versatility.
The house, with a built area of 259 m², is spread over two floors. On the ground floor, we find a cozy living-dining room with a fireplace and natural stone details, three bedrooms with built-in wardrobes, a full bathroom, and a renovated, fully equipped kitchen with a water well. All rooms have air conditioning, and the home has been adapted for people with reduced mobility, ensuring accessibility and comfort for all types of users.
The upper floor houses a fourth bedroom and a second full bathroom, with the possibility of restructuring to create two independent units, offering additional profitability options such as shared or multi-family accommodation.
Outside, the property features a 30m² covered porch, a Mallorcan garden with native trees, a traditional wood-burning oven, a laundry room with an additional bathroom, and a 100,000-liter cistern with a rainwater collection system. It also has covered parking for two vehicles.
A property with character, located in a vibrant and established area, ideal for developing a hotel, tourism, or residential project with high appreciation and profitability expectations.
Approximate maintenance and utility costs:
Property tax (IBI) and garbage tax: approximately €700 per year
Permanent ford: approximately €50 per year
Electricity: approximately €150 per two-month period
And here's a little about us, in case you're also thinking about selling (or know someone who is), so you know who we are and how we work:
IBISUNSET - THE ANTI-REAL ESTATE AGENCY
We've broken down the real estate game.
We break the mold: no exorbitant commissions, no contracts that bind you, no empty promises.
Just people working with people, with a clear mission: for you to win.
We are the ANTIGEND OF THE AGENCY MODEL:
Approachable. Transparent. Free from strings.
We work with common sense, clarity from day one, and our own method that puts control in the hands of the owner.
Want to know more? Write to us without obligation.
Just be prepared to unlearn everything you thought you knew about selling a property.
(email hidden)
+ (phone hidden)
#ref:ISS357M
Located in a strategic location in Palmanova, one of the most sought-after destinations in southwest Mallorca, this detached property sits on a 1,401 m² plot and represents a unique opportunity for investors. Just 50 meters from the sea and surrounded by hotels, shops, and tourist services, its privileged location makes it an ideal asset for developing a small hotel, tourist apartments, a multi-family residence, or another high-performance project in an area with a constant influx of national and international visitors. Partial sea views can be enjoyed from the upper floor and part of the exterior, significantly increasing its attractiveness and market value.
The property is located in an area classified as 'T' (Tourist) according to current urban planning regulations, which allows for the development of regulated tourist accommodations, such as hotels, aparthotels, or similar. Furthermore, it meets the requirements of Calvià's Tourism Offer Development Plan (POOT), being located within one of its authorized tourist areas. The planning requirements include a maximum permitted height of four floors (18 meters), a buildable area of 0.50 m²/m², a 25% occupancy rate, a volume above ground level of up to 30,000 m³, and a maximum tourist use intensity of one space per 70 m² of land. Furthermore, 95% of the buildable area must be designated for tourist use, and minimum facilities per space are required, such as a swimming pool, solarium, parking, and sports areas. These characteristics position the property as a solid foundation for a tourist accommodation project with high potential for profitability and future appreciation.
If you're interested in purchasing a detached property with great potential in this coveted area, this home offers significant development advantages: there's the possibility of building an additional floor without modifying the original structure, as well as a swimming pool, which considerably increases its value and versatility.
The house, with a built area of 259 m², is spread over two floors. On the ground floor, we find a cozy living-dining room with a fireplace and natural stone details, three bedrooms with built-in wardrobes, a full bathroom, and a renovated, fully equipped kitchen with a water well. All rooms have air conditioning, and the home has been adapted for people with reduced mobility, ensuring accessibility and comfort for all types of users.
The upper floor houses a fourth bedroom and a second full bathroom, with the possibility of restructuring to create two independent units, offering additional profitability options such as shared or multi-family accommodation.
Outside, the property features a 30m² covered porch, a Mallorcan garden with native trees, a traditional wood-burning oven, a laundry room with an additional bathroom, and a 100,000-liter cistern with a rainwater collection system. It also has covered parking for two vehicles.
A property with character, located in a vibrant and established area, ideal for developing a hotel, tourism, or residential project with high appreciation and profitability expectations.
Approximate maintenance and utility costs:
Property tax (IBI) and garbage tax: approximately €700 per year
Permanent ford: approximately €50 per year
Electricity: approximately €150 per two-month period
And here's a little about us, in case you're also thinking about selling (or know someone who is), so you know who we are and how we work:
IBISUNSET - THE ANTI-REAL ESTATE AGENCY
We've broken down the real estate game.
We break the mold: no exorbitant commissions, no contracts that bind you, no empty promises.
Just people working with people, with a clear mission: for you to win.
We are the ANTIGEND OF THE AGENCY MODEL:
Approachable. Transparent. Free from strings.
We work with common sense, clarity from day one, and our own method that puts control in the hands of the owner.
Want to know more? Write to us without obligation.
Just be prepared to unlearn everything you thought you knew about selling a property.
(email hidden)
+ (phone hidden)
#ref:ISS357M
Balearic Islands, Mallorca, Palma Nova, Spain
NEAREST AIRPORTS
Distances are straight line measurements- Palma de Mallorca(International)11.2 miles
- Ibiza/San José(International)76.8 miles
- Menorca(International)92.9 miles
Advice on buying Spanish property
Learn everything you need to know to successfully find and buy a property in Spain.
Notes
These notes are private, only you can see them.
This is a property advertisement provided and maintained by Ibisunset Island Homes, Islas Baleares (reference 287771_23447796) 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.