Bedrooms
0Bathrooms
2Living area
67 m2Plot size
0 m2COMMERCIAL
Investment Opportunity: Commercial Property for Sale in Plaça Major
€ 375.000
Here's a possible re-write:
Investment opportunity in Plaça Major: this commercial property is available for purchase and currently generates a monthly rental income of 1,670 €. With a return of 5.5% per year and potential appreciation in value, it's an attractive option for investors. The premises spans 65 m2 and has a valid license for operating as a cafeteria, including permission to have a terrace with seating for 24 customers. Recently renovated by the tenants, the property features a fully equipped kitchen with ventilation approved by the community of owners and two bathrooms. The lease agreement was signed in 2018 and still has six years left. Located in the heart of Palma, Plaça Major enjoys high foot traffic from both locals and tourists, thanks to its proximity to Palma Town Hall and Las Ramblas.