Arenal

Description

Rare opportunity to purchase an entire block in Arenal, close to the beach.

Entire Building for Sale consisting of 4 Apartments and 4 Shops/Offices on the ground floor. Total Build 470m2

4 x 2 Bedroom Apartments (one is a penthouse with roof terrace)

4 x Offices/Shops
Area guide Arenal

A magnet for tourists, offering a long white sandy beach and promenade,

El Arenal also known as ‘Arenal’ or ‘S’Arenal’ in Mallorquín is situated on the south coast of Mallorca on the eastern end of the six kilometer long ‘Playa de Palma’. Only 7 kilometres or 10-12 minute transfer from the airport of Son Sant Joan and 15 kilometres east of the city of Palma, there is no better location for making the most of every minute of your holiday.

The beach at Arenal is long, white and sandy with scatterings of palm trees. It is shallow and safe to swim. The promenade of El Arenal offers every kind of beach ride and sport imaginable. The main attractions are definitely the nightlife and beach sports. There are also many attractions close to Arenal including the largest water park, Aqualand, with lots of exhilarating attractions for kids and adults alike and the famous Palma Aquarium which has the deepest shark tank in Europe and plenty of activities to keep everyone entertained.

Arenal has extensive shopping available for holiday makers along the promenade with the usual souvenir shops, mini-marts and clothing shops, but only a short taxi ride away is the capital city of Palma, which is a shoppers’ paradise. The popular FAN Shopping Centre is also very close by with a selection of high-street stores, a cinema and a large Carrefour hypermarket.

Liability exclusionAll data is deemed reliable but is not guaranteed accurate by Fine and Country Mallorca. Buyers should conduct their own due diligence. This data is subject to change of price or even withdrawal without notice. Purchase taxes and fees are payable by the purchaser. The agency fees for Fine and Country Mallorca for a successful introduction and negotiation of the property sale are settled by the vendor. In case of a rental agreement the tenant is liable for the agency fee. All prices here quoted exclude VAT and any other applicable taxes and levies.

Whole block, expected rent is over €110,000.00 per annum, circa 6% gross yield

Office rental per year expected over €7,000 per annum, approximately 12% gross yield

Will suit investors or holiday makers or local market

Property information