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Self Storage investment Palma - yield 9%

Industry, Buy | Spain, Mallorca, Palma de Mallorca - Southwest, Paseo Maritimo
Asking price-Icon
1,950,000 EUR
Approx. 2,185,171 USD
Asking price
Total Surface Area-Icon
9,041.68 sqft
Total Surface Area
Asking price-Icon
1,950,000 EUR
Approx. 2,185,171 USD
Asking price

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Ich bin mit der Verarbeitung meiner Daten zum Zweck der Immobiliensuche durch Engel + Völkers Mallorca einverstanden. Meine obigen Daten örtlich zuständigen Lizenzpartner der Engel + Völkers Gruppe weitergegeben werden. Wenn ich meine Telefonnummer angebe, stimme ich der telefonischen Kontaktaufnahme durch den örtlich zuständigen Lizenzpartner der Engel + Völkers Gruppe zu.

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What you should know about this property

Amenities and special features of this property

The property is a storage space divided into 152 secure individual units. The space is located at ground/basement level of a multi family apartment building.
Constructed area is about 839 sqm (rentable/usable area is about 525 sqm). There is also the option to extend the storage space subject to approval of the building community,
The storage unit was completely modernized in 2019 and has alarm/video surveillance systems, humidity prevention systems, fire protection and 24/7 access via smart technology. The size of the units can be altered based on client needs.
The storage space is very popular amongst yacht owners due to the proximity to the yacht club ´Club de Mar.
Average annual occupancy is about 70%, based on this minimum annual yields are in excess of 7%. The whole booking and administration technology can be taken over from the current owners.


Paseo Maritimo: Location and surroundings of this property

The property is located in Porto Pi which is the port district of Palma, surrounded by smart waterfront bars and seafood restaurants along Paseo Marítimo. Nearby is also the yacht club ´Club de Mar.
The multi story Porto Pí shopping mall is packed with designer shops and food options, serving international passengers from cruise ships docked in the nearby terminal.
A rehabilitation of the 'Club de Mar' area is planned in the near future. Plans include a state-of-the-art yacht club with retail/office space, pedestrian zones and parks.

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

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