Palma is not only one of the most beautiful and livable cities on the Mediterranean, but also one of the most interesting locations for real estate investors. Until a few years ago, property owners were almost exclusively Spanish, but today there are more and more international investors. In addition to the increase in value, the excellent rentability speaks in favor of such a real estate investment in Palma.
The 3-storey apartment building (+ 2 basements), which was completely renovated in spring 2020, offers: 1 shop (or as apartment usable), 6 apartments, 3 motorcycle and 21 car parking spaces (all in the building) as well as 18 storage rooms.
BASEMENT 1 and BASEMENT 2:
* in each bsasement: parking spaces for 1 motorcycle and 7 cars
* in each basement: 9 storage rooms
GROUND FLOOR:
* 1 shop with 61 m² (or apartment with living room, kitchen, 1 bedroom, 1 bathroom, hall)
* parking spaces for 1 motorcycle and 7 cars
1ST FLOOR:
* 2 apartments with 62 m² each + terrace (living room with kitchen, 2 bedrooms, 2 bathrooms, hall)
2ND FLOOR:
* 2 apartments with 62 m² each + roof terrace (living room with kitchen, 2 bedrooms, 2 bathrooms, hall)
3RD FLOOR (ATICO):
* 2 apartments with 62 m² each + roof terrace (living room with kitchen, 2 bedrooms, 2 bathrooms, hall)
Equipment: air conditioning h / c, aluminum windows with double glazing, shutters, fitted kitchen, parquet, modern passenger elevator and another elevator for the transport of cars.
RENTAL RETURN (on purchase price) : approx. 6%
MARKET VALUE APARTMENT (average): > € 270,000
MARKET VALUE PARKING (average): € 25,000
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I am interested in more information about selling. Please contact me in reference to this.
