This emblematic Hostal was built in 1930 by the Mallorcan architect Gaspar Bennásar, renovated in 1987 and converted into a hostel-restaurant. It has a large courtyard with a charming entrance full of nooks and crannies where parties and cultural activities are organised. Mixed use building (residential building and/or hotel building).
On a plot of approx. 800 m² of land, the property has ten bedrooms and five bathrooms, a professional kitchen, a restaurant and a bar located in the large courtyard garden. Two partly covered terraces can also be enjoyed.
The premises are distributed over three floors with lots of natural light and high ceilings. Several terraces with sea views, chill out areas, leisure areas, dining rooms and various lounges. The property has a service licence and can be opened as a hostel or restaurant at any time. It has exterior constructions that could be renovated for different activities and / or to host various events, you could also make a pool.
The architectural style is catalogued and currently has one star, it could be converted into a beautiful boutique hotel (hotels that meet the definition of boutique offer their own architecture, with a modern, elegant and well cared for design).
On the same property there is a parking area for 10 cars and could be used to extend the property if more rooms are required. El Terreno is one of the areas of Palma where most real estate investment is being made by private companies. In the last few years, foreign investors have been buying buildings that were closed and abandoned in order to develop new homes and luxury premises. It currently has three floors, the constructed area is about 450m2, it is a building to be refurbished.
This property offers an incredible investment opportunity close to the centre.
Please contact Mallorca Gestión without any obligation.
Property Features
ReferenceHOSTAL1426P
Type of OperationFor sale
Type of propertyBuilding
Area / CityEl Terreno / Palma de Mallorca
Net Internal Area450 m2
Built Surface498 m2
ConditionReformar Parcialment
Bedrooms10
Bathrooms5
Year built1930
Number of parking spaces10
Levels3
OrientationSouthwest
Total Plot Size800 m2
Exterior typeExternal
FaçadeStone
Kitchen typeIndependent - Equipped
Hot waterGas from the town
Interior CarpentryWood
Exterior CarpentryWood
Type of FloorHydraulic
ViewsClear view
Distance to the sea1 Metres
Balcony
Garage Included
Playground
Phone Line
Solarium
Terrace
Wardrobes
Furniture
Light
Water
Pub
Laundry
Chimney
Parking Included
Barbecue
Tv
Outside
Garden
Food Pantry
Bright
Clear Views
View To Sea
Green Area
Fenced
Trees
Buses
Shopping Centers
Schools
Coastal Area
Hospitals
Energy Efficiency Rating
Pending
Energy Consumption kWh/m2 Year
Emissions Kg CO2/m2 Year
Situation
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