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Investment: 5% annual guaranteed ROI – 8 newly built apartments with hotel licence in quiet location with community pool in Palma

4.500.000 €

Free of commission for the buyer!

living space: 554 m²
plot: 409 m²
bedrooms: 12
bathrooms: 8
Number of rooms: 24
  • Balconies: 8
    Terraces: 1
    Living Units: 8.00
  • Distanzen

    to Airport: 10,0 km
    to beach: 1,0 km
    to Golf: 3,0 km
    intern. School: 1,0 km
    to City Center: 2,0 km

Description of the property

This innovative living concept is located just a few steps away from the popular Paseo Maritimo in the trendy El Terreno quarter.
The Swedish concept is simple: If the owner does not use his apartment, it can be rented out as a hotel suite and the income earned can be used to pay a mortgage or monthly overheads. The concept represents an interesting investment. It is operated as a hotel with all services, such as cleaning, room service, concierge, garage, etc. You buy an apartment, but with all the amenities of a high quality hotel.
The original building has been completely renovated. In total there are 13 apartments with 1-2 bedrooms and a living area between 56-99 m2, of which 8 are still available. The apartments are completely furnished and have a modern and fully equipped kitchen, an open living-dining room with room for 6 persons and a bathroom. With 2 sunny communal terraces with stunning sea views, a pool, sun loungers and an outdoor shower, this is the perfect place to relax and unwind. A parking space in the underground garage is included in the price.

El Terreno is still an insider tip among the non-Mallorcans who know and have long loved Palmesans and island connoisseurs. It is located between Bellver Park, the green lung of Palma with its spectacular castle as its crowning glory, and the chic Paseo Marítimo with its numerous yachts, cruise ships, restaurants, cafés and nightlife.

The hillside location at the foot of the mountain of Castell Bellver offers the ideal conditions. Not only is there an everlasting light breeze from the sea up here, which brings cooling in summer, but due to the south-east location there is always much more sun than in the city. Already at the turn of the century this was appreciated in winter, especially among the nobility and artists, who mainly settled here. Beautiful fin-de-siegle villas, thick walls, lush gardens, colonial style houses with high ceilings and elaborate architectural details are witnesses of a glorious time.

Today, the quarter is experiencing an astonishing revival without equal. The art nouveau villas are being renovated and shine in new splendour, restaurants, hotels and bars are being rebuilt, apartments are being renovated and international clientele is buying in.

– 24 hours reception
– Vending machines with wine, beer, soda and snacks
– Outdoor pool on the roof
– Heated bathroom floors
– fully equipped kitchen
– Closed parking lot
– Multilingual staff
– Baggage Storage
– Daily cleaning

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Rough indication of the location of the property

The location is shown only as a rough position indication. So you know where the property is in which region in Mallorca. For details, please contact us.

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100.000 € to 20.000.000 €

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