For Sale in Ibiza

Welcome to a unique opportunity on the island of Ibiza!This building is located two streets away from Figueretas beach, just a 10-minute walk from the historic center of Ibiza town and a few minutes' drive from Playa d'en Bossa and the airport.A unique opportunity to purchase an apartment building in Ibiza Town, ideal for use as tourist apartments or an urban hotel.The building comprises a total of 8 apartments, distributed as follows:4 two-bedroom apartments, approximately 65 m²4 one-bedroom apartments, approximately 48 m²All apartments have a kitchen, living room, and terrace.On the ground floor there is currently a 300 m² premises with a “party room” license, with permission to operate until 6:00 a.m. The premises is not being sold as a nightclub.It is being sold with current tenants, generating an approximate annual income of €120,000, which represents a return of close to 5%, with clear potential for improvement after future reviews and possible renovations. During the deferred payment period, the buyer will receive the full rental income and will be free to evict tenants, renovate, and re-rent the units as they see fit. Both the apartments and the two premises on the ground floor have separate deeds.Payment scheduleDeposit/earnest money: €250,000Signing of deed with deferred paymentAnnual payments:Year 1 (ideally early 2026): €550,000Year 2: €550,000Year 3: €550,000Year 4: €500,000During years 1 to 4, the buyer receives the rental income corresponding to each period.We would be delighted to arrange an appointment to view the property.We have many more houses, apartments, villas, fincas, commercial premises, and land for rent and sale on the island. Thank you for considering us as your real estate agency in Ibiza.