Description
Hostel for renovation on the first line of the promenade in Cala Millor.~~We present a unique investment opportunity in Cala Millor, on the coveted first line of the beach. This mixed-use building offers spectacular sea views and is strategically oriented to the south to maximize natural light. With a total built area of 1038.56 m², the property is distributed over a basement of 516.06 m², a ground floor of 126.13 m², a first floor of 266.19 m², and a second floor of 130.18 m². Although it currently requires a complete renovation, a basic project for its conversion into an exclusive 4-star hotel is included.~~The planned project will not only increase the building's value but also enhance the area's hotel offerings. With a capacity for 29 hotel beds and 16 rooms, the property offers the option to expand its built area by an additional 20% without increasing the number of hotel beds, thereby maximizing its investment potential. An illustrative render is provided to visualize how the project will transform the property after renovation.
