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Palma 07610 7,772 SF of Retail Space Available
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Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
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Rental Rate
| Space | Size | Term | Rental Rate | |||
| - | 7,772 SF | Negotiable | $9.07 /SF/YR INCL $0.76 /SF/MO INCL $70,497 /YR INCL $5,875 /MO INCL |
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- Taxes and Charges included in the Rent
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 7,772 SF | Property Type | Retail |
| Total Space Available | 7,772 SF |
| Property Type | Retail |
About the Property
Commercial space on the beachfront in El Arenal, Palma de Mallorca, ideal for a restaurant, café, or bar, with a capacity for up to 400 people, featuring two levels and panoramic views of the promenade and sea from its first-floor location. It includes a central bar in a cabin, kitchen, storage room, and restrooms. The property has all the necessary permits, including a suitability report, both for commercial activity and for a potential change of use to multi-family residential, allowing for provisional and permanent renovations, as it has community permits and complies with urban planning regulations. The high-quality surroundings and its prime location near the sea ensure a high foot traffic, and with its dual-use possibilities, this is an exceptional investment opportunity on the beachfront. El Arenal in Palma de Mallorca is renowned for its excellent infrastructure, offering a wide variety of services for both locals and tourists. The area is particularly attractive due to its privileged beachfront location, which translates into continuous and high pedestrian traffic. This bustling neighborhood is an ideal spot for dining and entertainment, and owning property here is a great way to capitalize on the lively atmosphere. Investing in beachfront real estate is always a smart move. This spacious property comes with multiple options to suit your needs: you can acquire it with a profitable tenant from day one, operate your own business, or develop a multi-family residential project in one of the most in-demand areas of Palma de Mallorca. Either way, you win, thanks to the constant flow of people, the spectacular location directly in front of the sea, and the rare versatility that allows you to tailor this investment to your profile and market trends.
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