Apartment complex with rental license

€2,400,000
  • 11 Bedrooms
  • 6 Bathrooms
  • ~305 m² Total surface
  • ~1,011 m² Plot surface

Description

This property is a Mediterranean-style apartment complex with six residential units in a sought-after location close to the beach, offering an attractive investment opportunity with immediate tourism income potential. Thanks to the valid ETV licence, separate tourist rentals of all six units are permitted. On a 1,000 m² plot, a total of 305 m² of built area is available, comprising five apartments with two bedrooms each and one additional one-bedroom unit. Each apartment has its own bathroom. All units are also equipped with air conditioning as well as an oil-fired central heating system with radiators, enabling year-round rentals—an essential advantage for stable and attractive returns throughout the year. Ongoing operations have been organised efficiently, allowing check-ins and check-outs to be handled with minimal staffing. A well-maintained shared pool with an area of 37 m², along with the walking distance to the beach, ensures consistently strong tourist demand and above-average occupancy. The combination of a prime location, an existing tourist rental licence and professionally organised management makes this property an excellent investment. It offers immediate income, an established rental setup and long-term attractive return prospects in one of the most sought-after coastal locations.
Features
GardenSwimming poolTerrace
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Engel & Völkers Santanyi

Your advisor: Marc Arendt

Property ID: W-030UMM

Property details
  • Object type

    Apartment house

  • Bedrooms

    11

  • Bathrooms

    6

  • Total surface

    ~305 m²

  • Plot surface

    ~1,011 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1980

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Type of heating

    Radiator

  • Energy source

    Oil heating

Location: Cala d'Or, Balearic Islands

Cala d’Or, the “Golden Bay,” is a charming town of around 4,000 inhabitants in the Migjorn region, only about 60 kilometers from Palma and about 45 minutes from the airport. The nearest larger town, Santanyí, is about 15 kilometers away. The rugged coastline around the resort is dotted with numerous small, fine-sand coves—everyone can find their personal favorite beach here. A walk through Cala d’Or reveals a clear contrast to Mallorca’s typical holiday resorts. The architecture is characterized by a unique lightness: most buildings are only two stories high, and their bright white façades blend perfectly with the pine trees lining the streets. The cubic architectural style, together with the charming white houses, recalls Ibiza’s relaxed atmosphere and gives the town a very special charm. In the summer months, Cala d’Or is lively and entertaining, while in the off-season it is noticeably quieter. The center features a large pedestrian zone running through the town, with numerous shops, cafés, and restaurants. Cala d’Or also has an “old quarter,” not far from the pedestrian zone, which impresses with its tranquil atmosphere. Here, houses in the Ibizan style shape the scene, giving the area its own distinctive, charming character. Cala d’Or’s exclusive marina is among the island’s larger and more luxurious marinas, with almost 600 berths. The harbor district offers a wide selection of bars and restaurants, providing the perfect setting—especially in the evening—for a relaxed night out, particularly at sunset when the golden light is reflected on the water.

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