Engel & Völkers ID : C-650 | Spain, Mallorca, Palma, Palma Oldtown

Attractive Investment: Tenanted Loft in Prime Downtown Location

Price

2,200,000 EUR

Total surface

371 ㎡

Services and special features

This exceptional property stands out for its unique charm and prime location in the heart of the city, just a few steps from Calle Oms, La Rambla, and Plaça España. With a total surface area of approximately 370 m², including 300 m² of high-quality office or commercial space and 71 m² of generous outdoor area, the property offers an impressive sense of space and versatility. The unit is currently leased under a long-term contract to a high-quality tenant operating an exclusive showroom and architectural studio. This makes the property an attractive investment opportunity with immediate rental income and long-term security. The historic building, dating back to 1905, has been carefully and stylishly renovated by renowned local architects. High ceilings with exposed wooden beams, floor-to-ceiling windows, and a contemporary loft-style atmosphere combine historic character with modern design, creating a truly remarkable architectural space. The bright and well-distributed rooms enhance its representative and professional appeal. The spacious outdoor area creates a seamless transition between indoor and outdoor spaces. The comprehensive renovation included restoration of the historic roof with thermal insulation and fire protection, floor insulation, new high-quality wooden windows, and modern HVAC, plumbing, and electrical installations, including fiber-optic connectivity for up to 40 workstations. The layout offers four independent glass-enclosed offices, meeting areas, three fully equipped bathrooms, two prepared kitchen areas, and a spacious double-height workspace. Conclusion: A prestigious and exclusive property with a long-term, high-quality tenant in place a secure and prime investment opportunity in a highly sought-after central location.

Type of property

Office

Total surface

371 ㎡

Palma Oldtown: Location and surroundings of this property

Engel & Völkers Mallorca Commercial

Mallorca Commercial
Avda. Gabriel Roca, 6 | Palma | Spain
Engel Mallorca Invest S.L.

Registry number: GOIBE728083/2024

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