Planera, Balearic Islands
Retirement residence or private school - property with a lot of possibilities
Price
€4,200,000
Retirement residence or private school - property with a lot of possibilities
€4,200,000
Description
On a plot of over 7,800 m² with extensive gardens and a swimming pool, this charming and well-preserved building in traditional Mallorcan style, built in 1941, offers a current built area of 1,110 m². An approved project allows for an expansion of up to an additional 1,670 m².
The property is being sold in its current state and is currently leased to an American private school, making it an excellent investment opportunity with stable returns.
This property is ideal for investors looking for a long-term rented asset with development potential. Further information on the rental agreement and expansion project is available upon request.
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Property details
Property type
Other
Plot surface
~7,840 m²
Usable surface
~7,840 m²
Energy efficiency information
Energy certificate available
No
Location: Planera, Balearic Islands
This property is located in a quiet residential area near Palma and is conveniently connected to the rest of the island by an excellent infrastructure. The city of Palma as well as the airport can be reached in about 15 minutes by car. A medical centre, sports facilities and shopping facilities are nearby.
Your shop
Engel & Völkers Commercial Mallorca
Provider:
Engel Mallorca Invest, S.L.
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