Properties 
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HOTEL DEVELOPMENT SITE
Edificio Casco Antiguo
Plaza Mercadal
Palma de Mallorca
2289m224,640 ft2
Description
Michael Parkes Surveyors Ltd are delighted to present to the market this exciting opportunity to buy one of Mallorca’s oldest buildings within the protected historic quarter just two minutes walk from the breathtaking Cathedral built on Phoenician, Carthaginian and Moorish foundations.
Once a private residence, this building is now offered to the market on a freehold basis and is in need of full refurbishment. Although the existing use is residential the local planning authority (Ajuntamiento) has indicated that the ancient quarter of the town is under provided in the high quality boutique hotel sector.
To that end, the vendor has had plans prepared showing that a 22 bed hotel could be accommodated with below ground level car parking, ground floor reception, bar and restaurant with stairs leading to the upper floors. There is potential to rework the roof space to accommodate a further habitable space or use this area for a spa and terraced garden.
Renovation of the old quarter is well under way with many developers from around Europe investing in this attractive city; predominantly the tourism and private residential sector. The Spanish Royal family reside in Palma de Mallorca annually for the August sailing regatta and the City has become popular among Europeans as a destination where culture, food, shopping and sport can all be enjoyed in the pleasant surrounding of the Casco Antigua and the Mediterranean sun.
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VAT: We understand that VAT is payable on the transaction but the purchaser should make their own enquiries
Viewings: By arrangement with the agents Michael Parkes Chartered Surveyors
Contact Dan Parkes
Tel: 01634 294994 Mob: 07921 694502 dparkes@michaelparkes.co.uk
MICHAEL PARKES CHARTERED SURVEYORS for themselves and for vendors or lessors of this property whose agents they are give notice that:
the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract;
all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them;
no person in the employment of Michael Parkes Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property; all prices and rents are quoted exclusive of Value Added Tax. Any prospective tenants/purchasers should satisfy themselves by enquiry as to whether VAT is chargeable on particular properties.
Parties intending to enter into leases should seek early advice from property professionals or lawyers.