Palma, Islas Baleares 07011 2,857 sq ft Retail Property £828,469 (£289.98/sq ft)

A complex of 31 storage units and 2 parking spaces is for sale, fully operational in Palma de Mallorca. The business opened in July, and currently, more than half of the units are rented, generating consistent monthly income. Once all units are rented, the property has the potential to generate over €10,000 per month. The demand for storage units in Palma has been strong from the start and continues to grow, making this property a secure and profitable investment with high expansion potential. Key Features: - 31 storage units in total + 2 parking spaces - More than half already rented since opening in July - Rental price: €16.25/m² (e.g., a 10 m² storage unit = €162.50/month) - Variety of sizes available: - 14 units of 8-10 m² (the most popular) - Larger units of approximately 20 m² - One 50 m² unit already rented - Direct vehicle access: two gated entrances for easy loading and unloading - Quiet and secure area: no theft issues, offering tenants confidence and peace of mind Investor Advantages: - Business already operational, generating income from the first month - Sustained high demand in Palma - High profitability and future growth potential as remaining units are rented - Location: Palma de Mallorca (quiet and secure area) - Type of operation: Sale of the asset with the business in operation