Building for Sale

BUILDING OF 17 APARTMENTS FOR SALE WITH TOURIST USE, with covered garage only 500 m from the beach of Can Picafort UNIQUE BUILDING OF 17 APARTMENTS FOR SALE WITH VACATION USE, with covered garage only 500 m from the beach of Can Picafort 30 bedrooms and 18 bathrooms complete the property, currently in operation and always well cared for by the owners who have been running it for many years, with success and excellent recognition from regular customers. Only 500m away is the beautiful beach of Can Picafort with restaurants and long promenades with shops, harbours and cycle paths, pharmacies and supermarkets, car and bicycle and motorbike hire. This property is an excellent investment to have an annual income of up to approximately €450,000.00 per year if used with annual rental management for tourist use with a little renovation. The building is in good condition with a completely new chill out barbecue area on the top floor, where it is possible to double the usable area and make an open-air swimming pool. The facility has a covered area of 420 square metres for parking up to 17 cars, where there is a water purification plant for all the flats. This investment, made on the island of Mallorca, which is always in constant economic growth, will allow you to increase your invested capital by 40% in 5 years and, to have a constant return on investment from the management of the structure with wonderful climate and sea all year round. A true paradise for everyone, for years with families booking from all over Europe. Agent King Mallorca Real Estate Dr Matteo Belotti[IW]