Building in Playa de Palma (for sale)

Luis Rafael Toymil Payret
Jul 21, 2018
1 min read

Updated: Jul 22, 2018

STATUS: For Sale PRICE: 10.000.000,00 € PROPERTY ID: IM- 5009

Building for sale in Playa de Palma. The property has a built area of 6,000m2 spread over 6 floors. The plot has an extension of 2400 m2 and access to the 4 streets as it occupies an entire block. It was formerly a hotel and has about 118 rooms (more than half of them are double rooms) all with bathroom and terrace. It also has a large terrace with a pool and in the basement all the usual spaces of a hotel. Is possible to reform the property for luxury apartments, it is not possible to make hotel, only tourist apartments or flats to sell or rent. You can also make underground parking under the terrace.

Only on the ground floor there are possibilities to make 15 apartments of 133m2. In the upper storey there possibilities to make 6 penthouses and 60 apartments with 2 rooms in the remaining 4 floors. The total sale price of the property as a whole is between 27 and 30 million for luxury apartments.