Advanced Search

We found 0 results. View results
Your search results

Investment: 5% annual ROI – 7 new construction apartments with hotel license in quiet area with community pool in Palma’s district El Terreno

3.700.000 €

Free of commission for the buyer!

Property-ID: 880
living space: 554 m²
plot: 409 m²
bedrooms: 12
bathrooms: 8
Number of rooms: 24
  • Balconies: 8
    Terraces: 1
    Living Units: 8.00
  • Distanzen

    to Airport: 10,0 km
    to beach: 1,0 km
    to Golf: 3,0 km
    intern. School: 1,0 km
    to City Center: 2,0 km

Description of the property

This innovative residential concept is located just steps from the popular Paseo Maritimo in the trendy El Terreno neighborhood.
The Swedish concept is simple: when the owner is not using his apartment, it can be rented out as a hotel suite and the income generated can be used to pay a mortgage or monthly overhead. The concept represents an interesting investment. It is operated as a hotel with all services, such as cleaning, room service, concierge, garage, etc. You will acquire an apartment, but with all the amenities of a high quality hotel.
The original building has been completely renovated. In total there are 13 apartments with 1-2 bedrooms and a living area between 56-99 m2, of which 7 are still available. The apartments are fully furnished and have a modern and fully equipped kitchen, open plan living-dining room with space for 6 people and bathroom. With 2 sunny shared terraces with stunning sea views, a pool, sun loungers and an outdoor shower, you have a perfect place to relax and unwind.

El Terreno is still an insider tip among the non-Mallorcans who know and have long loved Palmesans and island connoisseurs. It is located between Bellver Park, the green lung of Palma with its spectacular castle as its crowning glory, and the chic Paseo Marítimo with its numerous yachts, cruise ships, restaurants, cafés and nightlife.

The hillside location at the foot of the mountain of Castell Bellver offers the ideal conditions. Not only is there an everlasting light breeze from the sea up here, which brings cooling in summer, but due to the south-east location there is always much more sun than in the city. Already at the turn of the century this was appreciated in winter, especially among the nobility and artists, who mainly settled here. Beautiful fin-de-siegle villas, thick walls, lush gardens, colonial style houses with high ceilings and elaborate architectural details are witnesses of a glorious time.

Today, the quarter is experiencing an astonishing revival without equal. The art nouveau villas are being renovated and shine in new splendour, restaurants, hotels and bars are being rebuilt, apartments are being renovated and international clientele is buying in.

– 24 hours reception
– Vending machines with wine, beer, soda and snacks
– Outdoor pool on the roof
– Heated bathroom floors
– fully equipped kitchen
– Closed parking lot
– Multilingual staff
– Baggage Storage
– Daily cleaning

You need further information?

1 Step 1
pick one!
FormCraft - WordPress form builder

Rough indication of the location of the property

The location is shown only as a rough position indication. So you know where the property is in which region in Mallorca. For details, please contact us.


Continue search

Compare Listings

Ariane Erdmann