20 Beds For Sale in Arenal (S')

Located just 100 metres from the sandy beach and the popular promenade of Playa de Palma, this versatile building comes with a recently granted building permit for a complete redevelopment project.

The property is situated in El Arenal, directly at Balneario 3, one of the most sought-after areas of Playa de Palma. Restaurants, supermarkets, pharmacies and a wide range of services are all within walking distance.

Built in 1963, the building benefits from a solid structure and has successfully passed the Technical Building Inspection (ITE). In addition, the required building permits for the redevelopment project have recently been granted, allowing immediate implementation.

AREAS AND LAYOUT:

Plot size: 437 m²

Total built area: 1,725 m²

Distributed over 5 levels:

Basement: currently commercial storage space with various development possibilities

Ground floor: commercial premises

First and second floors: areas designated for residential conversion

Top floor: additional development potential with sea views

Freight elevator and central staircase

Several balconies and sea views from the upper floor

DEVELOPMENT OPTIONS:

Option 1:

Approved project for the construction of 31 micro-apartments intended exclusively for long-term rentals.

Option 2:

Development of 9 standard residential units with the possibility of establishing horizontal property division. In this scenario, the commercial unit on the ground floor would remain separate.

INVESTMENT POTENTIAL:

Project ready for immediate implementation thanks to the granted building permit

Residential development in a highly sought-after location close to the sea

Flexibility to choose between 31 micro-apartments or 9 conventional residential units

Attractive combination of residential and commercial use

HIGHLIGHTS:

Only 100 metres from the beach

Excellent connections to Palma city centre and the airport

Building permit already granted

Sea views from the upper floor

Rare development opportunity close to the coastline

Possibility of horizontal division when developing the 9 residential units

CONCLUSION:

An outstanding opportunity for investors and developers seeking a project with significant potential in Mallorca. The granted building permit, prime location near the beach and flexibility between two development concepts make this property a unique investment opportunity.