Don Benito Apartments for Sale
(Calle San Bartolome, El Arenal)

THE PAST

Don Benito in its hay-day was a hotel 400 meters from the popular beach of Arenal and its Yacht Club. Perhaps because the 400 were up a small hill - too many to walk/weave from the Night-Life all along the Playa de Palma the hotel had its problems, closed and was converted into a block of flats around 1977. Prices then averaged only 125€/m2. They soared almost 20 fold peaking at 2386€/m2 in 2007 before dropping more than half to 1213€/m2 today. This is still a ten-fold hike since day one but what a roller coaster ride!

Don Benito photo 1970 El Arenal Yacht Club where you can leave your Yacht Photo of Playa de Palma photo of Aqualand Arenal Aquarium photo

THE PRESENT

The building extends over two streets. Link to aerial view of Don Benito. Calle San Bartolome to the east is on the 23 bus route which commutes all along the beach to & from Palma every 15 minutes from 6am to 11pm. Just opposite is the refurbished Hotel Torre Azul where you can accommodate overflow guests. With a holiday home on the beautiful Isle de Mallorca you risk having plenty of distant family/friends turning up. A little further up the same street is a primary and a secondary school. On the other side of the block are Calle Terral and Plaza Major. Here you will find a shopping mall, health center, chemist, banks and a park. There is a small daily market and on Thursdays a giant market attracting people for miles. Here you will also find the Town Hall & Police Station and you are within walking distance from Aqualand - the largest water park on Majorca.

Click on the images above to see a larger view or click here for more information. The Aquarium is also on the Playa de Palma at the opposite (Can Pastilla) end of our 6 kilometre long beach.

To get an appreciation of the area go the MENU of our web page www.54321stop.com to check out maps of the island and our beach area - Playa de Palma/Arenal.

THE FUTURE

The area is up and coming although Don Benito still lets the side down. The building has been neglected for some years and this has finally been recognised by the Town Hall. The upkeep of the block has been removed from the control of the Community Association and is subject to a major 450,000€ renovation project operated by the Council of Lluchmajor. This has already started with the urgent repairs. Each owner is now responsible for his share of the 450,000€. Payment is being enforced - it appears that the Ajuntamento (Town Hall) means business! Each of our apartments have paid the total due, so as a purchaser you have nothing more to pay. The main project is scheduled for completion in 2014.

(202) This second floor apartment is only a stone's throw from the swimming pool which its balcony overlooks. Unfortunately the pool is no longer in use. The flat’s 50m2 is occupied by a bedroom, balcony, bathroom, kitchen and lounge. It is up for sale for 69,000€ and is already rented for 400€/month - a return of 7.0% plus any appreciation in property values.
Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos

(206) This is a studio and at 36m2 the smallest of our Don Benito apartments yet has space for a self-contained kitchen, a 32" TV and of course a bathroom and balcony. Priced at 41000€ it will rent for 325€/month 9.5% return
Photo of Don Benito 206 Balcony Photo of Don Benito 206 Kitchen Photo of Don Benito 206 Bathroom Photo of Don Benito 206 Lounge 2 Photo of Don Benito 206 Lounge 3

(507) A feature of this larger 76m2 apartment are its sea views and an office! It accommodates a lounge (with 39" TV) and dining room or a second bedroom and of course has a separate kitchen and bathroom It is on sale for 92000€ and to rent for 475€/month a 6.2% return.
Photo of Don Benito 507 Balcony Photo of Don Benito 507 Bathroom 1 Photo of Don Benito 507 Bathroom 2 Photo of Don Benito 507 Bedroom 2 Photo of Don Benito 507 Bedroom 1 Photo of Don Benito 507 Kitchen Photo of Don Benito 507 Lounge 1 Photo of Don Benito 507 Office Photo of Don Benito 507 View of Balcony from the Lounge Photo of Don Benito 507 Balcony view

(619) A one bedroomed flat whose balcony overlooks Calle Terral where the park and shopping centre are. With an open plan kitchen and a total area of 44m2 this property was sold in 2007 at the peak of the price boom for 105000€ (2386€/m2!). It had been rented for 500€/month - 5.7% return.
Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Don Benito Apartmento 202 photos Photo of Don Benito apartment 619 Bedroom

(816) The 8th floor apartment has a bedroom, bathroom, small terrace and a separate lounge and open plan kitchen - 59m2 in total. This cosy flat is priced at 66000€ and rents at 430€/month giving a return of 7.8%.
Don Benito Apartment 816 Lounge photo Don Benito Apartment 816 Bathroom photo Don Benito Apartment 816 Kitchen photo Don Benito Apartment 816 Bedroom photo Don Benito Apartment 816 Bedroom 2 photo

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All tenants know that their flat is for sale and have contracted to leave within a month's notice with a compensation of 3 months' rent. All flats have a private mortgage available payable over 10 years. The actual monthly payments and refunds if revoked are dependent on the loan and are available on request.

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