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BuyHouseMallorcaLlucmajor / s'Arenal
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Hostal with basic project for development for use as tourist apartments "Four Keys" in El Arenal

Object No.: 116500

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€1,800,000

Purchase price

237 m²

Plot Area
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Description

Details: This hostal is situated in close proximity to the sea and already has a basic project for high-quality touristic apartments, the construction of which could begin immediately. The building consists of 4 floors with a total of 7 individual living units designed for touristic rental, one of them being an outstanding penthouse. On the ground floor is a spacious foyer, several guest WC's and personnel rooms and a kitchen with pizza oven. Housed on the first floor is the reception area, luggage rooms, offices and guest WC's, and 2 apartments with approx. 22 - 27 sqm of living space. On every level there is a social room with integrated kitchen and a separate sun terrace for the use of guests. There are 4 living units on the 2nd floor each with a small private balcony, and a large communal terrace. The highlight is, however, the penthouse which is more than double the size of the other apartments with 57 sqm, and has 2 bedrooms and 2 bathrooms en suite, and its own kitchen with living and dining room. It also provides direct access to the pool on the roof terrace pool and to the sun terrace, both of which are part of the communal area. All floors are easily accessible by elevator. Truly the perfect investment property offering excellent returns in the future! Returns from holiday lettings: For initial orientation you can use the “Porta Holiday Returns Calculator” without obligation to calculate your potential returns from holiday letting. NB: Due to the current legal situation it is possible that in certain municipalities renting restrictions may apply, or new touristic licences may not be granted. Your Porta Mallorquina real estate consultant will be pleased to advise you whether the property you have chosen is affected. Go to Returns Calculator. Location & surrounding area: Mallorca’s most popular touristic area is known due to its fine sandy beach and the best offers with which to spend one’s free time. Its proximity to Palma and the airport ensure it business all year around. Playa de Palma has S’Arenal eastwards and Can Pastilla westwards both of which have attractive ports. From the beach promenade one can reach the Paseo Marítimo on bike going through Portixol.

Location

Llucmajor / s'Arenal

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