Shop 229 m² in Palma de Mallorca, Spain

Spain, Palma de Mallorca
$758,566
$3,313/m²
;
ID: 2260860
Property ID on Realting
Last update: 03/04/2025

Location

  • Country
    Spain
  • State
    Balearic Islands
  • Region
    Llevant
  • City
    Palma de Mallorca

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $3,313/m²
  • Total area
    Total area
    229 m²

Description

Commercial premises for sale with a tenant in a prestigious residential area of ​​Barcelona.

Environment:

  • Residential area
  • Several prestigious educational institutions, including one of the best schools in the city - Colegio Jesus Maria de Sant Gervasi
  • infrastructure of a developed residential area, including chain restaurants, supermarkets and shops
  • green areas, including Tamarita Gardens and Turo-Putchet Park

Such the location guarantees high traffic volumes near the premises at any time of the year.

The property is leased as a home goods store. The previous lease for 10+1 years expired in September 2023. A new lease agreement for a period of 5 years will be signed in October 2023 with mandatory execution until October 2024. The rental price is 3.600€ / month, thanks to which the yield exceeds 5.5%.

The premises with a total area of ​​229 m2 are located on the first floor of a residential building and are equipped with a bright facade. The price also includes parking for 2 spaces in the same building.

Location on the map

Spain, Palma de Mallorca
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