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Engel & Völkers Commercial Mallorca

+34 871 622 222

OI-SMA-116 – This is the Engel & Völkers property ID, your agent might ask for it.

Office Palma

Mallorca Commercial

Licence partner of Engel&Völkers Commercial GmbH

Engel & Völkers ID : OI-SMA-116

Platja de Palma, Municipality of Palma, Balearic Islands, Spain

Seafront building with possible hotel conversion

Price

€18,750,000

Total surface3,370 m²

Plot surface3,217 m²

Amenities and special features of this investment

This mixed use building (residential and commercial) is located in first line on Playa de Palma. At the moment, the building consists of 6 apartments (285m2 each) and 4 commercial units at ground floor level. There is huge potential with this building as there is the option to change the usage of the building to touristic. This would potentially allow constructing a hotel with up to 215 beds over 5 floors, with a total constructed area of 6.453m2! 116

Property typeInvestment

Total surface

3,370 m²

Plot surface

3,217 m²

Energy certificate available

Platja de Palma: Location and surroundings of this property

Playa de Palma is not only the most famous beach on Mallorca, but also the most visited. The five-kilometre stretch of coastline is just right for tourists with its famous balnearios and its many beach bars and restaurants. Playa de Palma is making a unique transformation that should appeal to more families in the near future

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Engel & Völkers
Commercial Mallorca

C/ Nuredduna, 12, 07006