Seafront building with possible hotel conversion-1

Seafront building with possible hotel conversion-2

Engel & Völkers ID : C-116 | Spain, Mallorca, Palma, Playa de Palma & Arenal

Seafront building with possible hotel conversion

Name: Seafront building with possible hotel conversion
Brand: Engel & Völkers Mallorca
SKU: C-116
Price: 18750000 EUR
Availability: InStock

Price

18,750,000 EUR

Total surface

3,370 ㎡

Plot size

3,217 ㎡

Services and special features

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!

Type of property

Investment

Total surface

3,370 ㎡

Plot size

3,217 ㎡

Playa de Palma & Arenal: Location and surroundings of this property

The property is located in the area of Playa de Palma/ Las Maravillass. This area is perfect for long walks, cycling and enjoying the beach. You will find bars, a wide selection of restaurants, a beautiful long beach, shopping possibilities and various entertainment facilities. The proximity to the airport and the historic centre of Palma makes it an ideal property where to enjoy the Majorcan lifestyle with all the comforts and privacy and very close to the sea.