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SELECTION: For sale, Palma, Palma City, Non Catering

Rental Accommodation & Property Sales Business for Sale in Mallorca

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Sales Price:
Currency convertor € 86,000
Rental Price:
Currency convertor € 700
For Sale/For Rent
Business Type:
Non Catering
10 Years Renewable
Reference No.:
Palma City
Front line:
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Reference No.: b3661
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.


Property Description

At any time of year the island has a healthy population of crew affectionately known as yachties.  Over the years this business has built up a wealth of contacts through well placed advertising and reputation and is the first point of contact for all arriving yachts to the island to find temporary accommodation for their crew.
On top of the very lucrative rental side of the business, in 2012 they sold 6 large apartments, 4 small apartments and 3 commercial units.  The business is run by the two owners, an administration person and a cleaner. The admin person speaks perfect English and Spanish and knows the business and working contacts very well and would like to stay with the business.
The leasehold premises are situated in a prominent street in Palma and measure around 65 square metres. The office is tastefully decorated and enhances the company´s professional image. The office includes 3 computers, furniture, air conditioning, printer, photocopier, etc. There is an option to purchase the company van and moped.
This well-known company has very little competition and is only for sale due to retirement. We think this is a very interesting opportunity for the right new enterprising owner.

A super opportunity to take over a successful business with centrally located office premises, a professional image and a 25 year trading history! This business is not only specialises in temporary rental accommodation for yacht crew but also sells properties in the local area.

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