PRIME INVESTMENT OPPORTUNITY
We present an exceptional opportunity for investors and luxury brands: a building with mixed-use potential in the heart of Palma de Mallorca. This asset offers the perfect combination of privileged location and versatility, ideal for developing a high-end residential concept and/or an exclusive commercial space, ensuring an attractive return on investment (ROI).
Detailed Description by Floors:
Basement Floor: This floor is identified for necessary interventions to allow its independence , offering the possibility of integrating it into the ground floor commercial space or allocating it to complementary uses, such as storage or technical facilities, optimizing the space and its functionality.
Ground Floor: Designed to house a commercial premise, with necessary interventions for its independence. Proposals include the creation of an independent entrance from Calle Palau Reial and the elimination of connections with adjacent premises, allowing for an open and adaptable space for the needs of a luxury brand. Provisions for air conditioning and smoke extraction connections, essential for a high-level commercial business, have been considered.
Upper Floors (1st, 2nd, 3rd, 4th, 5th, 6th, and Penthouse): These floors are planned for high-end residences or hotel apartments. Various distribution proposals have been developed, including apartments with multiple rooms and living-dining areas. The constructed area per floor is approximately 469.87 m² on some of them. The design flexibility allows for adaptation to the demands of the luxury market, whether for permanent residences, second homes, or high-end tourist rentals.
Investment Potential and ROI:
The prime location in Palma de Mallorca, combined with the building's versatility to house both a luxury commercial space and high-end residences, ensures a solid return on investment. The demand for exclusive properties in this coveted location is constant, leading to high potential for asset appreciation and attractive rental or sales yields. The reformed facade and internal distribution proposals add significant value, minimizing investment risks and maximizing profitability.
Sale Price: 14 - 17 million euros.
