FLAT

Prime Investment: Condo-Hotel Residences

€ 747.000

This unique living and hotel concept consists of 13 exclusive apartments located in the trendy district of El Terreno in Palma. Situated between Bellver Park and Paseo Maritimo Boulevard, it is surrounded by numerous yachts, cruise ships, restaurants, cafes, and nightclubs.

A completely refurbished and meticulously renovated hotel with a total of 13 bright apartments is available, including 1 duplex. The apartments range in size from 48 sqm to 99 sqm, with 1-2 bedrooms, 1-2 bathrooms, and a balcony.

The concept is simple - when the apartment is not in use, it is rented out as a hotel suite, making it perfectly refinanced.

As an owner, you will have access to all the amenities of a hotel combined with impeccable hotel service, from cleaning, room service, lobby, to relaxing on 2 rooftop terraces with pool and lounge areas. In return, you will enjoy all the benefits of your own apartment. This is the rebirth of the classic condo-hotel, an interesting investment concept that combines personal use and rental.

The hotel's 24-hour concierge is available to assist with bookings in many areas, from restaurant reservations to nightclub entry, beach sun loungers, and boat charters.

We offer modern living in a Feng Shui-equipped apartment. All materials used create a balance between harmony and well-being, and the apartments are flooded with light.

The furniture package includes items such as crockery, cutlery, pots, towels, and television, allowing the property to be enjoyed from day one. Storage facilities for personal items are available during your absence and rental periods.

The concept is based on 40% private use annually and 60% in rental income, but this calculation can be adjusted to suit individual preferences. Bookings, payments, and other details are handled by the hotel.

The building has a limited number of parking spaces available for a daily fee, or there are special rates for the monthly rental of a nearby public underground car park.

This is the perfect property for those who love Palma and want to live in a quiet area with all the amenities at their doorstep.

The energy certificate is pending.

Prices are valid as of the date.

Our purchase offers are commission-free for the buyer!