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Seaside Block of Apartments for Sale North Mallorca

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

€ 2,995,000

£2,590,315.60
$3,107,612.00

Seaside Block of Apartments for Sale North Mallorca

easide Apartment Block for Sale
Seaside apartment block fr sale containing 17 apartments with 1, 2 and 3 bedrooms. It is located in a residential area 400 meters from the beach. It is also close to a Mercadona supermarket and several bars and restaurants.

The building consists of:

5 apartments with 1 bedroom and 1 bathroom (50 m2 + 11 m2 balcony)
11 apartments with 2 bedrooms and 1 bathroom (68 m2 + 9 m2 balcony)
1 apartment with 3 bedrooms and 2 bathrooms (85 m2 + 40 m2 terrace)
All apartments have double rooms. In addition to kitchen, utility room, living room and balcony / terrace. Some with side sea view.

The building itself is very peculiar because it has an interior patio with light and ventilation that comes from 2 transparent skylights located on the roof of the building, which was converted into a barbecue, chill-out and solarium area 2 years ago.

The entire building is registered in the property registry as a single cadastral reference, which facilitates any administrative procedure.

Each apartment has its individual electricity and water meter.

7 apartments have been renovated in recent years, mainly the bathrooms (replacing the bathtubs in the bathrooms with showers) and the kitchens.

All terraces and balconies have been waterproofed and air conditioning has been installed in 5 apartments.

Important
4 apartments with 2 rooms and the apartment with 3 rooms have a tourist license granted in the year 2000, so they are permanent tourist places (the old ones) and do not need renewal every 5 years. The 2-bedroom apartments are licensed for 5 beds and the 3-bedroom apartment for 7 beds.

In addition, the basement of 360 m2 was initially a car park for 17 spaces. Currently, one part is used as parking and the other part, duly separated by a wall, as storage and laundry. It also has a small bathroom for cleaning staff.

In summary, the building is a great opportunity to acquire a block of 17 apartments of different capacities in a residential and quiet area of ​​Can Picafort, near the beach and services.

Energy certificate
Consumption: E
Emissions: E

Building Dimensions :
Basement: 360 m2
Ground Floor:
Ground floor-A: 85 m2 built + 40 m2 terrace
Ground floor-C: 66 m2 built + 40 m2 terrace
Ground floor-D: 65 m2 built
Ground floor-E: 46 m2 built
Ground floor-F: 66 m2 built
1st Floor
1-A: 68 m2 built + 9 m2 balcony
1-B: 50 m2 built + 11 m2 balcony
1-C: 67 m2 built + 8 m2 balcony
1-D: 67 m2 built + 5 m2 balcony
1-E: 50 m2 built + 7 m2 balcony
1-F: 66 m2 built + 5 m2 balcony
2nd Floor
2-A: 68 m2 built + 9 m2 balcony
2-B: 50 m2 built + 11 m2 balcony
2-C: 67 m2 built + 8 m2 balcony
2-D: 67 m2 built + 5 m2 balcony
2-E: 50 m2 built + 7 m2 balcony
2-F: 66 m2 built + 5 m2 balcony
Total floors: 1,131 m2 + 170 m2 of terraces/balconies

Without the entrance surface, common areas, patio, stairs.

IBI worth
4,319.26€

Rental income if the client wants to use the building as an investment
Approximate quantities:
12 apartments rented at an average of € 600 / month = € 86,400

For the other 5 holiday apartments, the income is multiplied by 3. Thus, 21,600€/apartment= 108,000€

Gross Annual income: 194,400€

Annual Expenses: 7,000€ - 10,000€

Net Annual Income: 190,000€

Current tourist rental prices of flats
Prices vary according to the season of the year but range from € 50 / night to € 150 / night.

Apartment block

Property ID: 41099

For:
Sale
Type:
Villa
Habitable:
Yes
Condition:
2nd hand

Floor area:
1661 m²
Size of land:
503 m²
Energy Rating:
E
Built in:
1988
Presently:
Occupied
Structure:
Concrete.
No. of bathrooms:
18
No. of apartments:
more than 10 units
No. of floors:
3 floors
Extras:
Private car park, Basement.

Spain

Islas Baleares

Address:
Can Picafort
CanPicafort
Close to:
School, Kindergarten, Hospital, Nursing home, Shopping area, Park, Public square, Touristic area, Beach, Natural park, Forest, Lake, River.
Setting:
Town, Beach.

Contact me about this property for sale

Mallorca Yachts & Property
Andrew Hamaton
Phone: +34656405192

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