Historical 10 bedroom Farmhouse for sale with sea view in Alayor, Alaior, Menorca

3,600,000 EUR 3,096,000 GBP 3,888,000 USD

Reference: 218036

Bedrooms: 10
Bathrooms: 1
Floor Size: 470 m2
Plot Size: 110 hectares / 271.82 acres

Features

Equestrian Facilities
Possible Extra Dwellings
Outbuildings
Potential for Income
Sea View
Private
Quiet Area
Parking
Garage
Turn Key Good Condition

Details

Full of authentic character and charm, this spacious and rustic farmhouse is ideally situated within a quiet and private setting in Alayor, within a large plot of 1,100,000m2 with a variety of buildings which belonging to several historical eras and even a prehistoric site.

The buildings are varied and in the first group there is the farmhouse which consists of 3 buildings attached to a U-shape, where the centre of the U is a nice open patio area with access to an apartment. A very old 79m2 defence tower forms the right side of this house and the second building is a typical Menorcan country house with its porxus (authentic volumes on the first floor with spaces to hang the home-made sausages typical of the massacres. This part of the house adds about 470m2. Included, the cheese factory, grain stores and garage. The house is supplied with water through a cistern and cistern that collects rainwater under the patio.

In another part of the farm there is the agricultural buildings, which include authentic stables of 400m2 with incredible views of the south coast of Menorca, a warehouse garage of 86m2 blocks of more than 100m2 and 2 further buildings that add more than 90m2. This area also collects rainwater in some tanks under the barns.

Finally, in a more remote area, but no less important, there is the town sanctuary with more than 4,000 years of history, currently in operation for guided tours.

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Balearic Islands Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.