HostalEl Terreno, Palma, Mallorca, 07014

This unique hotel for sale in the centre of Palma was designed in 1907 by the famous architect Gaspar Bennàzar and still retains its historic elegance. Carefully restored in 1987, it became a friendly hostel and restaurant for visitors and locals alike.

With a constructed area of approx. 350m² on a 560 m² plot, the property offers plenty of versatility. There is also a 280m² area being used as a car park that can be developed. Additionally, there is an option to create another building with underground parking and a swimming pool.

Inside, the three-storey building houses ten bedrooms and five bathrooms, a spacious kitchen, an inviting dining area, a cosy indoor bar, and three separate lounges where you can relax in style.

The outdoor space features a picturesque courtyard, two inviting terraces, and a delightful bar on the patio, all of which create an ambiance reminiscent of a warm summer evening, allowing guests to savour refreshing beverages in a laid-back setting. There is also a parking area and storage space, improving the property's practicality.

Ready to be transformed, this property has the potential to become an upscale boutique hotel, a beautiful single-family home, or chic apartments. The existing licenses for renting rooms and operating a restaurant and bar allow for numerous creative options, presenting a distinctive opportunity.