Versatile Loft-Style Commercial Space in Palma's Foners
€1,240,000
Spain
Loft
property type
3 weeks ago
listed
The Habio take
AI summaryThis versatile loft-style commercial space spans 504 m² and features high-end design within Palma's vibrant Foners neighbourhood. Just a short walk from the historic Calatrava quarter and the sea, it offers an exciting opportunity for modern enterprises.
- city
- investment
- walkable
- historic
Highlights
- High-end modern building
- Spacious 504 m² with 449 m² usable area
- Located steps from the sea
- Flexible space for various commercial uses
- Proximity to historical attractions
Worth knowing
- Primarily a commercial space, may not suit all buyers
- High initial investment cost
Good fit for: Ideal for entrepreneurs seeking a unique commercial environment in a premier location.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 70
- Family
- 0
- Retirement
- 0
- Airport access
- 60
- Investment
- 80
- Luxury
- 75
- Value
- 50
About this place
Located in a modern, high-end building in the heart of Palma’s Foners neighborhood, this versatile commercial ground floor is a unique opportunity to own a flexible and design-forward space just steps from the sea and the historic Calatrava quarter. The property offers 504 m² of constructed space and 449 m² of usable interior area, complemented by two […]
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
