Garage for Sale

High Yield Investment Opportunity in Palma de Mallorca

Are you looking for a safe and high yield investment? We present you an excellent opportunity to acquire a set of 6 parking spaces and 28 storage rooms in a strategic location in Palma, with high profitability potential and easy management.

Characteristics of the property:

Modern and Secure Storage Rooms: 28 recently built storage rooms with double locking systems, 24/7 video surveillance and access via mobile app for agile management and remote access control. The dimensions of the storage rooms vary between 3 m and 4.5 m, and the current rental prices range between 60 and 90 per month.

Profitable Parking Spaces: 6 parking spaces with a current rental rate of 90 each. Access is convenient and secure, ensuring high demand and constant occupancy.

Quality Infrastructure: The premises have an automatic access door, fire protection system, and all the necessary measures for the optimal operation of the asset. Safety and comfort are guaranteed for both users and owners.
Attractive profitability:
- Estimated current monthly income 2,000 (from rental of storage rooms and parking).
- Provisional yield 7%, with the possibility of increasing to 8.5% once the management of the asset is optimized, as an increase in income of up to 2,500 per month is expected.
This asset offers a quick return with low risk and appreciation potential as rent is optimized and management is improved.
Contact us for more details and secure your investment in one of the most sought after areas of Palma!