Seafront building with possible hotel conversion

€18,750,000

3,370 m² Total surface
3,217 m² Plot surface

Description

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

Engel & Völkers Commercial Mallorca

+34 871 622 222

Your advisor: Office Palma

Property ID: OI-SMA-116

Property details

Object type

Investment

Condition

Good

Total surface

3,370 m²

Plot surface

3,217 m²

Energy efficiency information

Energy certificate available

Location: Llevant de Palma District, Municipality of Palma

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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