Hotel in Palma de Mallorca, Mallorca, Balearic Islands, Spain

Additional information is provided after the signing of an NDA

Hotel in Palma de Mallorca, Mallorca, Balearic Islands, Spain

15,000,000 €
6,250 € /m²
£12,943,000
£5,392 /m²
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  • Total area
    2,400 m²
  • Yield
    7.0%
Details
Property parameters
  • Total rooms: 35
  • Hotel rating: 4
  • 4-floor building
Financial performance
  • Annual income: 1,050,000 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 5.0%
Features
  • Balcony or terrace
  • Swimming pool

Four-star boutique hotel in the center of Palma de Mallorca.

Description

The four-storey detached building with an area of 2,400 m² includes 35 rooms.

The building is in excellent condition.

High rating according to reviews of tourists.

Equipment

  • outdoor pool
  • restaurant
  • fitness
  • spa
  • terrace

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The annual income is 1,050,000 €.

The yield is 7%.

Tenants

The building is fully let to the management company.

The lease is valid for 10 years.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The building is located in the historic center of Palma de Mallorca, very close to the main square of the Plaza Mayor and Palma Cathedral. Distance to the airport — 7 km.

Mallorca is the largest island in the Balearic Islands, which are part of Spain and located in the Mediterranean. The capital of the island, Palma, is also the capital of the autonomous community of the Balearic Islands.

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If this ad doesn't suit you, have a look at the other hotels for sale in Majorca (Mallorca).

All ads in the country: hotels for sale in Spain.

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