Fully Licensed High-Capacity Restaurant In Palma For Sale

Property Information

Real Estate:

Lease

Leasehold Type:

Existing

Lease Terms:

Lease valid until 31 January 2035.
Monthly rent: €7,755.83 plus VAT.
Security deposit: Two months.
Bank guarantee: 12 months.
Rent-free period: Two months in the event of a lease transfer.
Lease transfer price: €191,000.

Leasehold Rent:

€93,069.96 plus VAT per annum

Lease Rent:

per sq ft per annum

Location:

Located on Calle Aragón in Palma de Mallorca city centre, the restaurant occupies a prominent position on one of the city’s busy and commercially active streets.

The surrounding area includes retail outlets, offices, banks, cafés and other hospitality businesses, creating a broad local and visitor catchment. High pedestrian and vehicle traffic supports the restaurant’s visibility and also provides opportunities for takeaway and collection services.

The street-level entrance and large windows provide strong commercial frontage and natural light to the main dining area.

Premises Details:

The restaurant provides 318 m² across two fully usable levels, designed for high-capacity restaurant operation.

The 153 m² ground floor has a legal capacity of 81 people and includes an 83.73 m² main dining room with seating for 59 guests, a 10 m² fully equipped bar, 9.42 m² service and preparation area, 3.17 m² waste and recycling room, male and female customer toilets, office, storage and technical areas.

The 165 m² basement has a legal capacity of 76 people and includes an 82.75 m² secondary dining room with seating for 59 guests, a 10.07 m² service bar, an additional office, two independent storage rooms, refrigerated storage areas, male and female staff toilets and changing rooms, technical facilities and a recycling area.
The two levels are connected by an internal staircase, with an emergency staircase also provided.

Size in square feet:

3,423 sq ft

Planning Consent:

Full and definitive permissions are in place for restaurant and bar use, including cooking and on-site food preparation.

Use classification: A3.

The current licence permits a restaurant with kitchen, food and beverage consumption on the premises, meal preparation using extraction systems, operation of two bar areas and a maximum legal capacity of 157 people across the two floors.

There are no pending applications or modifications to the current planning status. No recent extensions or structural conversions have been made.

Future changes such as façade signage, outdoor seating or layout alterations would require the relevant approvals.

Business Operation

Expansion Potential:

The premises offer several opportunities to broaden the existing restaurant model.

The Calle Aragón location and street-level access provide potential for takeaway and collection services, while delivery services could add another sales channel.

A legal capacity of 157 people across two dining levels creates scope for private events, corporate functions, group dining and exclusive use of the basement while maintaining separate ground-floor operations.

The size and location could also support a flagship restaurant or branded hospitality concept.

The secondary bar and other areas could potentially support additional concepts such as a wine-focused area, chef’s table or additional food production for catering and delivery.

Any changes to operating hours, layout or use remain subject to the applicable licensing and regulatory requirements.

Competition / Market:

Central Palma has a diverse and competitive restaurant market ranging from independent restaurants to international operators.

The restaurant’s 318 m² layout, legal capacity for 157 people, two dining areas, two bars, commercial frontage and existing restaurant licence provide infrastructure for a high-volume hospitality operation.

The local market is influenced by tourism seasonality, hospitality staffing availability, operating costs and changing customer preferences.