€ 6,568,000
Hotel for sale in Son Armadans, Palma de Mallorca, Mallorca
- 1000 m2
- 24
- 24
- 785 m2
Description
Tourist apartments building with operator and long-term contract.
A complete building of tourist apartments for sale in one of the areas with the highest demand and stability in the Balearic market, in Palma de Mallorca, on Camilo José Cela Street.
This is an investment aimed at profiles seeking immediate profitability, reduced operational risk, and contractual stability within the tourism sector.
24 tourist apartments
Tourist license in force
Recently constructed building
Urban planning use: Hotel (compatible with residential and tourist apartments)
Currently 100% leased to a first-tier operator
Areas:
Plot: 785 m²
Building: 1,072 m²
Layout: Ground floor + 3 floors
Current contractual status:
Lease agreement with tourist operator: 20 years
10 years of mandatory compliance
Economic data:
Annual gross rent: €374,400
IBI: €3,308.85 (paid by the owner)
Rent update:
Annual review: CPI (max. 5%)
Extraordinary review: Year 10 → CPI + 5%
Price and profitability
Sale price: €6,568,000
Net yield: 5.64%
Features
- Hotel
- Bedrooms: 24
- Bathrooms: 24
- Build Size: 1000 m2
- Plot: 785 m2
- Storeys: 3
- Energy Efficiency Rating: In Progress