Unique opportunity for a boutique hotel investment in El Terreno, Palma de Mallorca

Description

Unique opportunity for a boutique hotel investment.
The listed building, purchased in 1910, is the masterpiece of the famous Mallorcan architect Gaspar Bennàzar. The well-preserved Mallorcan elements such as the tiled floors, wooden beams, handmade wooden doors and much more make the building a work of art.
The property is distributed over three floors and has large outdoor terraces, an indoor and outdoor bar, a restaurant area, 10 rooms, staff area and a parking lot. All valid permits are in place to start trading immediately.
In addition, there are many possibilities of annexes on the adjacent land, which is included in the price (swimming pool, apartments, etc.).

Location

El Terreno, a hillside neighborhood by the bay of Palma, is home to majestic villas and modern apartment buildings. Restaurants and bars line the streets near the bustling Plaza Gomila. Families often flock to the sa Quarantena gardens for their lush walking paths and playground, while joggers pass by yachts moored in the harbor along the promenade, a 17-minute walk from the 14th-century Bellver Castle.