DUPLEX APARTMENT

Estate in Palma with Official Holiday Rental Permission.

€ 615.000

This unique residential and hotel concept, featuring 13 exclusive apartments, is located in the trendy neighborhood of El Terreno in Palma. Situated between Bellver Park and Paseo Marítimo Boulevard, with numerous yachts, cruise ships, restaurants, cafes, and nightclubs.

A completely renovated hotel with a total of 13 bright apartments (one of which is a duplex), ranging in size from 48 m² to 99 m², with 1 to 2 bedrooms, 1 to 2 bathrooms, and a balcony, is available.

The basic concept is simple - when the apartment is not in use, it is rented out as a hotel suite. This makes it a perfectly profitable investment.

As an owner, you can enjoy all the amenities of a hotel paired with impeccable hotel service, from cleaning and room service, to the lobby and 2 rooftop terraces with pool and lounge area. In return, you can enjoy all the benefits of owning your own apartment. This concept is a reinvention of the classic condo-hotel and offers an interesting investment model that combines personal use and rental income.

The hotel's 24-hour concierge can assist with bookings for restaurants, nightclub entry, beach loungers, and boat charters.

Our apartments offer modern living in a Feng Shui-inspired space with materials that create a balance of harmony and well-being. All apartments are flooded with natural light.

The furniture package includes dishes, cutlery, pots, towels, and television, among other amenities, so you can enjoy your property from the very first day. For personal belongings and rental periods, storage space is available.

The concept is based on 40% private use and 60% for rental income annually, but this calculation can be adjusted based on individual preferences. Bookings and payment are handled through the hotel.

The building has a limited number of parking spaces available for a daily fee, and special rates for monthly rental have been negotiated at a nearby public underground garage.

This is the perfect property for Palma lovers who want to live in a tranquil area and still have all the amenities at their doorstep.

Energy certificate is requested.

Price is valid until the specified date.

Our purchase offers are commission-free for the buyer!