Mediterrania 1 in Palma

Name: Sales in Mediterrania 1 started!
Start: 2021-04-29T09:26:11.650514+00:00
End: 2023-12-31T23:59:59+0000
Location: Mediterrania 1

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Project info

Object ID: 12106

Finished at	September 2021
Price, m²	From 3837$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	8
Apartments	89
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Pool Kids playground Near school Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

460,440$

Net profit

9,376$

Payback period

39.2 years

Avg property value increase per year

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About the project

89 new-build 2, 3 and 4 -bedroom homes

The first Gestilar residential project on the island, Mediterrània 1, is being built in the well-known area of Nou Llevant, a district which is experiencing rapid development to the south-east of the city.

Conceived as part of the so-called ‘urban development of proximity’ idea, its design is aimed at making it a residential, business, and services area all in one, thus defining it as a highly-dynamic area.

Just a few minutes’ walk from the Portixol beach, Gestilar’s 89 new-build apartments in Palma de Majorca have been planned in the form of various four- and seven-storey blocks, with the ground floor given over to business premises, all of which set in an enclosed development with one single point of access in order to ensure maximum security.

All of the apartments, with two, three, and four bedrooms, have top-quality finishes, personalization options, and are designed with generous terraces which provide continuity with the interior space, making best use of sunlight hours. In addition, some apartments have a solarium on the roof of the building, where you can enjoy incredible views of the sea and the Palma de Majorca Bay.

Thinking about the needs of the whole family, the communal areas of this new-build project in Majorca feature large garden areas with plant species that have low water requirements, a gym with the latest-generation machines, an illuminated swimming-pool, and a children’s leisure and play area.

Comfort and sustainability: a building with the maximum ‘A’ Energy Rating

As well as being of avant-garde design, the building is fitted with the latest features in terms of sustainability and energy saving which means that it has the highest ‘A’ Energy Rating, which means lower CO2 emission and a significant reduction in the energy consumption of the building. Thus the Mediterrània 1 development is the answer to the needs of purchasers who are ever-more demanding and represents Gestilar’s ongoing commitment to the environment.

Developer

We define the performance of our projects and developments in accordance with four premises: design, quality, personalization, and innovatio…
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