Engel & Völkers
Exterior of a yacht dealership with glass storefront, white building, and "Exclusive" banner. Palm tree in foreground.

Property with high turnover in top location

€2,400,000
  • ~413 m² Total surface

Description

This exclusive retail space is located in a high-quality building on Paseo Maritimo, one of the most sought-after locations in Palma de Mallorca. The building is characterised by its well-kept condition and unmistakable charm, making it a rare and sought-after property in the region. The spacious retail space extends over 413 square metres and is currently divided into four separate offices, which are let on long-term leases. Each office offers high-quality fit-out and is let to stable tenants, ensuring long-term income and representing a sound investment. In addition to the office units, the offer includes six garage spaces, which can also be let. These are already included in the price and offer additional income potential for the future owner. This property represents an outstanding investment opportunity, both due to the long-term secured rental income from the offices and the additional potential of the rentable garage spaces. The view of the development of the Paseo Maritimo and the harbour of Palma underline the future potential for increasing the value of this unique offer. - 4 rented retail spaces - 6 parking spaces - low service charges - Stable and good rental income - further value-enhancing location 499
Features
Air-conditioning
engel & völkers shop image

Engel & Völkers Commercial Mallorca

Your advisor: Office Palma

Property ID: OI-SMA-499

Property details
  • Property type

    Office

  • Condition

    Very good

  • Total surface

    ~413 m²

Energy efficiency information
  • Energy certificate available

    No

    Location: Ponent District, Palma

    The Paseo Marítimo, Palma's famous harbour promenade, is currently developing into one of the city's most upmarket areas. A large-scale renovation is upgrading and modernising the entire area, with new green spaces, wider pavements and an upmarket infrastructure. The harbour of Palma is increasingly becoming a hotspot for luxury brands, exclusive yachts and first-class gastronomy. Major international companies have already announced their presence in the area, making the location even more attractive in the long term. The proximity to the old town, renowned hotels and the popular high society promenade makes this property a first-class investment with high potential for value appreciation.

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    Engel & Völkers Commercial Mallorca

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