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Engel & Völkers ID : C-30 | Spain, Mallorca, Central, Marratxi

Retirement residence or private school - property with a lot of possibilities

Name: Retirement residence or private school - property with a lot of possibilities
Brand: Engel & Völkers Mallorca
SKU: C-30
Price: 4200000 EUR
Availability: InStock

Price

4,200,000 EUR

Plot size

7,840 ㎡

Services and special features

On a plot of over 7,800 m² with extensive gardens and a swimming pool, this charming and well-preserved building in traditional Mallorcan style, built in 1941, offers a current built area of 1,110 m². An approved project allows for an expansion of up to an additional 1,670 m². The property is being sold in its current state and is currently leased to an American private school, making it an excellent investment opportunity with stable returns. This property is ideal for investors looking for a long-term rented asset with development potential. Further information on the rental agreement and expansion project is available upon request.

Type of property

Other

Plot size

7,840 ㎡

Marratxi: Location and surroundings of this property

Marratxi is an increasingly popular area of Mallorca, less than 20 km north of Palma. With a population of over 37.000 people spread over the villages of Pont d'Inca, Pla de na Tesa, Sa Cabaneta and Portol, relatively affluent Marratxi attracts locals looking for a larger and quieter residence than they might find in Palma. It is known for its pottery, with its terracotta pots, plates and other utensils, and celebrates the annual Fira del Fang, combining craftsmanship with local gastronomy. The classic siurells are a symbol of Mallorcan tradition, as are the shopping centres located here. Marratxi offers residents the services and amenities of a big city, with residential areas, very close to Palma, enjoying privacy and tranquillity, with villas with beautiful gardens and swimming pools. Here you will also find one of the largest outlet shopping centres, Mallorca Fashion Outlet, which offers many leisure activities, clothing stores, restaurants, and a cinema. Furthermore, in the urbanisation of Marratxinet, you will find one of the largest paddle courts in Mallorca - Open Marratxi. This municipality is ideal for families, as it has several schools and even two international schools, offers a wide variety of sporting activities for all ages and is only 10 minutes from the airport and less than 10 minutes from the capital Palma.