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Commercial Unit for sale

Retail Services, Buy | Spain, Mallorca, Palma de Mallorca - Centre & East, Palma City Centre
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(On Request)
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1,044.1 sqft
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What you should know about this property


Amenities and special features of this property

The Citizens building is located in the most desirable commercial area of Palma in Las Avenidas/Calle Aragon, surrounded by the best high street brands. The commercial unit E is located in the Citizens building. It is a new luxury residential/commercial development in the heart of Palma. In total there are 35 flats with community swimming pool, spa, gym, 65 garages, 37 storage rooms and 5 commercial premises. Suitable for all types of retail businesses (not suitable for restaurants or bars). The unit E is at street level with a lot of natural light. The total surface is 97 m2 and the ceiling height is 3,80 m. The final interior building works are to be completed by the future tenant. This provides a lot of flexibility for the interior design of the space. There is also the option to have the first few months rent-free. Option to rent garage spaces as well. Minimum rental term is 10 years. Suitable for all types of retail businesses (not suitable for restaurants or bars). The unit is at street level and offers a lot of natural light and the total area is 97 m2. Ceiling height is 3,80 m. Tenant from 2021 is a dental practice. Monthly rent is € 1,100 (yield 6.6%) in 2021 and € 1,200 (yield 7.2%) in 2022.

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Engel & Völkers
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Engel & Völkers Mallorca Commercial
Carrer Illes Canàries 18, 07183 Poligono Industrial Son Bugadelles
+34 871 62 00 83

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