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For Sale: Hostel with a Pool in Playa de Palma

€ 1.200.000

This property boasts a peaceful yet central location in the lovely Platja de Palma area, with a pool area and 12 cozy double rooms. Situated on a cul-de-sac at Balenarios 3 and just a short stroll from the beach (approximately 400 meters), this hostal is close to plenty of amenities such as shops, bars, restaurants, and bus and taxi stops. It is also conveniently located near several popular attractions in Platja de Palma. In the immediate vicinity, a new high-quality development area is being built and new retail stores including a Lidl market are planned.

The building was originally erected in 1972, but underwent a full renovation in 1997, including replacement of hot and cold water pipes. In 2003, the terrace was re-designed and the bathrooms were re-tiled, followed by an entire outer repaint in 2004. The building features a spacious basement (175m²), a ground floor (126m²), first floor (85m²) with balconies (16m²), second floor (85m²) with balconies (16m²), third floor (85m²) with balconies (16m²), a stairway area (17m²) and a roof terrace (approx. 65m²).

The building's total built-up area is 573m² plus 48m² outside balconies. The property itself spans 365m² and boasts a living space of 429m². There is a useful additional basement area of 175m². Each cozy double room is bright and welcoming, with 10 featuring south-facing balconies. Every room has a fridge, radio, television, electric hot plates, a shower-bath, a toilet, and fitted wardrobes.

The common breakfast room is located on the ground floor and features a bar, a fireplace, television, and ladies' and gentlemen's toilets. Priced at an attractive 1,300,000 euros, this truly is a one-of-a-kind investment opportunity.