BancaMarch has announced the sale of an exceptional property in the Balearic Islands: Sa Cabana d’es Frares (The Monks’ Hut). Located on the stunning island of Mallorca, this country estate is believed to date back to the 16th or 17th century, and is situated on a 32 hectare plot which comprises a range of buildings and outbuildings. The property offers easy access to all required amenities and is primed for development as a boutique hotel or ecotourism destination.
Originally a dwelling for Carthusian monks who offered accommodations to travelers as they walked along the passatemps, the property is spread out over 316,833 square meters, and includes the possibility to extend the footprint substantially based on buyer needs. Existing buildings on the plot include the main colonial house, built around a charming central courtyard, in addition to an array of agricultural and livestock buildings and a small traditional chapel. The total built-up area is of 2,407 square meters, and the main house has recently undergone renovation to refurbish the roof and facades. A Cultural Heritage Site, an Arab irrigation ditch which dates back to the origins of the property, runs through the plot, and in addition the property boasts ample water sources. Positioned a mere ten minutes from the capital city of Palma de Mallorca and twenty minutes from the airport, Sa Cabana d’es Frares also offers easy access to the beach and the nearby mountain range of Serra de Tramuntana.
Mallorca, the largest island in the Balearic Island Archipelago, has for many years been a key destination for inbound tourism from the EU, and is a favorite with visitors from the UK and Germany. Additionally, the island has now become a fast growing domestic tourism destination with nearly ten percent of arrivals in 2014 coming from within Spain. Overall, Mallorca welcomed nearly ten million visitors in 2014 and tourism continues to grow, despite the less than ideal economic climate in the EU, with inbound tourism growth recorded at 3.11 percent month-on-month for the first half of 2015. Tourists are driven to this lively island by the excellent year-round climate, the quaint historical quarter, and the breathtaking coastline dotted with caves, cliffs, and long sandy beaches.
This prime location, combined with the 400 years of Spanish heritage the property offers and the flexible financing options made avaiblable by the seller, presents a truly unique investment opportunity. For more information, interested parties should contact BancaMarch at http://bit.ly/1MdzfhY.
BancaMarch is one of the regions most secure financial institutions, named as the Best Private Bank for Sustainable Growth in Europe at the 2013 IAIR European Awards.
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