Engel & Völkers

Building with great potential in Playa de Palma

€1,380,000
  • 5 Bathrooms
  • 330 m² Total surface
  • 1,282 m² Plot surface

Description

The spacious building of 4 apartments with a total of 9 rooms and several commercial premises, as well as warehouses and a basement. The building is to be renovated, it is located in Arenal, Palma de Mallorca, and offers great potential to build a total of 12 homes. The building consists of 2 apartment heights and several commercial premises on the ground floor, which provides various options for its use. In addition to the existing rooms, it has the possibility of building basements and parking spaces on the plot, which would increase the value and functionality of the building. Basements could be used for additional storage or common areas for residents. Parking garages would be a major benefit, especially in a tourist area like Arenal where parking availability may be limited. 248

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Engel & Völkers Commercial Mallorca

Your advisor: García Pérez Carlos

Property ID: OI-SMA-248

Property details

Object type

Investment

Bathrooms

5

Total surface

330 m²

Plot surface

1,282 m²

Energy efficiency information

Energy certificate available

No

Location: Llevant de Palma District, Municipality of Palma

The Arenal area in Palma de Mallorca is a very popular location to invest in the renovation of an apartment building. Arenal is known for its vibrant tourist scene and its proximity to the beach, which makes it a very attractive destination for visitors from all over. By investing in the reform of an apartment building in Arenal, you can take advantage of the growing demand for vacation accommodation and attract tourists looking to enjoy the beach, the sun and leisure activities. In addition, the area has excellent transport links, making it easy to access both from the airport and from other parts of the island.

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Engel & Völkers Commercial Mallorca

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Provider:

Engel & Völkers Mallorca Commercial

License partner of Engel&Völkers Commercial GmbH

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