FLAT

Top Investment Opportunity: El Terreno Condo-Hotel Apartments

€ 440.000

This unique residential and hotel concept comprises 13 exclusive apartments situated in the trendy El Terreno district of Palma. Nestled between Bellver Park and Paseo Marítimo Boulevard, which is home to numerous yachts, cruise ships, restaurants, cafes, and nightclubs.

A completely renovated and extensively refurbished hotel comprising 13 bright apartments (including one duplex) ranging 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 being used, it is rented out as a hotel suite, ensuring perfect refinancing.

As an owner, you will enjoy all the amenities of a hotel, combined with impeccable hotel services from cleaning, room service, lobby, to relaxing on two rooftop terraces with pool and lounge areas. In return, you can enjoy all the advantages of your own apartment. This is the rebirth of the classic condo hotel, an interesting investment concept, combining personal use and rental.

The hotel's 24-hour concierge is on hand to help with all bookings, from restaurant reservations to nightclub entries, beach sun loungers, or boat charters.

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

The furniture package includes crockery, cutlery, pots, towels, television, etc., enabling the property to be enjoyed from day one. Storage facilities are available for private belongings during owner absence periods and rental times.

The concept is based on 40% private use annually and 60% rental. This calculation can be adjusted according to individual requirements. Bookings, payments, etc. are all handled through the hotel.

A limited number of parking spaces are available in the building at a daily rate. Special terms have been negotiated for monthly rental with a nearby public underground garage.

This is the perfect property for Palma lovers who want to live in a peaceful area with all amenities at their doorstep.

Energy certificate has been requested.

Price valid until the given date.

Our purchase offers are free of commission for the buyer!