Buildings in Ibiza, for sale

Apartment building perfect for conversion.

Five-storey building located on a 300 m² urban plot, two streets back from Figueretes beach and its renovated seafront promenade. The area is undergoing significant renewal, with new hotels, shops and restaurants. It is a 10-minute walk from Ibiza’s historic centre and only a few minutes’ drive from Playa d’en Bossa and the airport.

The property is sold as a whole and with the current tenants in place. It consists of 8 apartments —four with two bedrooms and four with one bedroom— all with a kitchen, living room and terrace, as well as a ground-floor commercial unit. The total built area is approximately 900 m².

The apartments and the ground-floor unit each have independent title deeds. The commercial unit is not being sold as a nightclub. The land registry allows for up to nine dwellings on the plot, so the ground floor could be converted into a large apartment, or duplex units could be created on the upper floors.

The building is currently rented out and generates approximately €115,000 per year, not including pending rental updates. The sale price is €2,800,000, and there is also an option to purchase with a deferred payment structure for €2,400,000. This option allows the buyer to receive the rental income from the moment the agreement is signed and to manage the removal or renewal of tenants at their own pace.

Details

• Type: Buildings
• Transaction: For sale
• Province: Baleares
• Town: Ibiza
• Bedrooms: 12
• Bathrooms: 10
• Constructed area: 900 m²
• Plot size: 300 m²
• Type of property: Re-sale
• Energy certification (consumo): C
• Energy certification (emisiones):

Extras

• Exterior: Yes
• Built Year: 1970
• Kitchen: Independent - Equipped
• Balcony: Open terrace
• Views: Other
• Water heater: - Individual
• Garden: Community
• Furnished: Yes
• Stories: 5
• Flat per storey: 2
• Building condition: Needs renovating
• Courtyard: Private

Apartment building perfect for conversion.

Five-storey building located on a 300 m² urban plot, two streets back from Figueretes beach and its renovated seafront promenade. The area is undergoing significant renewal, with new hotels, shops and restaurants. It is a 10-minute walk from Ibiza’s historic centre and only a few minutes’ drive from Playa d’en Bossa and the airport.

The property is sold as a whole and with the current tenants in place. It consists of 8 apartments —four with two bedrooms and four with one bedroom— all with a kitchen, living room and terrace, as well as a ground-floor commercial unit. The total built area is approximately 900 m².

The apartments and the ground-floor unit each have independent title deeds. The commercial unit is not being sold as a nightclub. The land registry allows for up to nine dwellings on the plot, so the ground floor could be converted into a large apartment, or duplex units could be created on the upper floors.

The building is currently rented out and generates approximately €115,000 per year, not including pending rental updates. The sale price is €2,800,000, and there is also an option to purchase with a deferred payment structure for €2,400,000. This option allows the buyer to receive the rental income from the moment the agreement is signed and to manage the removal or renewal of tenants at their own pace.