At Green Point Commercial we are honoured to bring this exceptional boutique hotel development located in the interior of Mallorca to the market.
This is the rare investment opportunity for someone looking for boutique hotel in the beautiful island of Mallorca.
The project would be to convert large existing townhouse into a 4 star equivaled boutique hotel with over 10 rooms. The project itself is ready to go with all the architectural plans for the conversion into a modern chic boutique hotel in place. All the licences required for building permission have been also granted. The project is ready to go for the right person or company.
The owner is looking for offers for the hotel in the region of 1,300,000 euro. The development cost to convert the existing building into the hotel is between 700,000 to 1,000,000 euros.
The valuation upon completion of this hotel would be in the region of 3,000,000 euro, offering a great return of investment for any potential buyer, developer or hotel owner.
Should you require further information please get in contact. Due to the confidentiality of the project an NDA would be required as well as proof of funds.