Commercial local for sale in Calle Jose Vargas Ponce, Baja, 07007, Palma De Mallorca (Baleares)

Rent €302.37

Home Contract 05/01/2016

Contract Expiration 04/30/2023

Profitability: 4%

Commercial premises with many exploitation possibilities for any type of business. It has direct access to Jose Vargas Ponce street, located in the municipality of Palma de Mallorca, in the province of the Balearic Islands. The building in which it is located is for residential use with four floors above ground level, which due to its age, does not have an elevator. Access to the homes is through a portal independent of access to the commercial premises.

The place has a regular morphology. It has a constructed area of ​​76m2, with a main linear façade of 3m and a useful area of ​​60m2. The premises are distributed in an access area, an open area. In general, the property is in good condition, and it is necessary to carry out the necessary reforms to adapt it to the business to be undertaken. The flooring throughout the premises is made of ceramic pieces.

It is located in one of the busiest areas of the city; it has always been considered to be an area close to the main streets of the town, where the main commercial firms and relevant financial entities are located. The street has a high traffic density and a medium pedestrian density. It has an occupancy of premises around 80%, the type of business is office and tertiary. The environment is mainly residential, with buildings between party walls of between six and seven heights, generally with commercial premises on the ground floor. This street connects the main areas of the city with the old town.