Boutique hotel, Palma de Mallorca, Majorca, Balearic Islands, Spain

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Boutique hotel, Palma de Mallorca, Majorca, Balearic Islands, Spain

15,500,000 €
6,200 € /m²
£13,375,000
£5,350 /m²
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  • Total area
    2,500 m²
  • Yield
    6.7%
  • Built in 
    1864
Details
Property parameters
  • Total rooms: 35
  • Hotel rating: 4
  • 6-floor building
Financial performance
  • Annual income: 1,050,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2013
Transaction costs
  • Broker: 2.5%
Distance to:
  • Sea at 1,500 m

Four-star boutique hotel in Mallorca.

Description

Building with a total area of about 2,500 m².

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 6.7%.

Tenants

The building is fully leased.

The lease agreement was concluded for a period of 10 years.

Transaction costs

The brokerage fee is 2.5%.

Location and nearby infrastructure

The hotel is located in Palma de Mallorca.

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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