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Characterful hostal in El Terreno from the 19th century in full operation with all licenses

USD 5,351,314

Business opportunity (For sale)

3,014 sqft
lot 5,716 sqft
Reference: FULY-T252 / 14179
The Hostal in El Terreno is a 19th century building with a lot of character and charm. The listed building is the work of Mallorcan architect Gaspar Bennàzar and was built in 1910. It has high ceilings, traditional Mallorcan tiles and carved wooden doors. The hostel is fully functional and has valid licenses and a total area of 330 m², distributed over three floors of 110 m² each. The building has 10 double rooms and a staff area. On the second floor there is a large garden, bar, terrace and barbecue area with a total area of 305 m². The house is located on a plot of 531 m² with a separate plot of 270 m² where it is possible to build an underground garage, two apartments or commercial premises on two floors or even a swimming pool. There are many possibilities for this unique and charming property....El Terreno is a neighborhood in the Poniente district of Palma. It is bordered by the sea and the forest of Bellver and the streams Mal Pas and s'Aigo Dolça, the latter underground. It was originally created as a summer residence for the bourgeoisie of Palma in the late 19th and early 20th centuries.In the neighborhood also settled people who lived there all year round, and cultural associations such as the Sociedad Instructiva Bellver, which disappeared at the beginning of the Spanish Civil War (1936).Where the old streets of Génova and Portopí cross - today they are called Robert Graves and Joan Miró - is Plaça Gomila. In the 60s, 70s and 80s it was the center of leisure in the Mallorcan capital, but from the 90s this area experienced a significant decline. Gomila had nightclubs, internationally known discos such as Tito's, Barbarela or Zhivago. Of these three, only the first one is still open.The life of the neighborhood still affects the Bellver Forest, the green lung of the city. View more View less The Hostal in El Terreno is a 19th century building with a lot of character and charm. The listed building is the work of Mallorcan architect Gaspar Bennàzar and was built in 1910. It has high ceilings, traditional Mallorcan tiles and carved wooden doors. The hostel is fully functional and has valid licenses and a total area of 330 m², distributed over three floors of 110 m² each. The building has 10 double rooms and a staff area. On the second floor there is a large garden, bar, terrace and barbecue area with a total area of 305 m². The house is located on a plot of 531 m² with a separate plot of 270 m² where it is possible to build an underground garage, two apartments or commercial premises on two floors or even a swimming pool. There are many possibilities for this unique and charming property....El Terreno is a neighborhood in the Poniente district of Palma. It is bordered by the sea and the forest of Bellver and the streams Mal Pas and s'Aigo Dolça, the latter underground. It was originally created as a summer residence for the bourgeoisie of Palma in the late 19th and early 20th centuries.In the neighborhood also settled people who lived there all year round, and cultural associations such as the Sociedad Instructiva Bellver, which disappeared at the beginning of the Spanish Civil War (1936).Where the old streets of Génova and Portopí cross - today they are called Robert Graves and Joan Miró - is Plaça Gomila. In the 60s, 70s and 80s it was the center of leisure in the Mallorcan capital, but from the 90s this area experienced a significant decline. Gomila had nightclubs, internationally known discos such as Tito's, Barbarela or Zhivago. Of these three, only the first one is still open.The life of the neighborhood still affects the Bellver Forest, the green lung of the city.
Reference: FULY-T252
Country: ES
City: Palma
Postal code: 07015
Category: Commercial
Listing type: For sale
Property type: Business opportunity
Property subtype: Bar, Hotel, Restaurant
Property size: 3,014 sqft
Lot size: 5,716 sqft
No. of levels: 4
Condition: Good
Balcony: Yes

SALE PRICE PER SQFT IN MARIVENT

Average sale price per sqft
Sep 2021
3 months
1 year
House
-
-
-
Apartment
USD 841
-
-

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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