Contemporary 2 bedroom Apartment for sale in Casco Antiguo, Palma, Mallorca

1,100,000 EUR 946,000 GBP 1,188,000 USD

Reference: 232373

Bedrooms: 2
Bathrooms: 2
Floor Size: 136 m2

Features

Balcony
Air Conditioning
Elevator
Good Condition

Details

Bright and spacious, new 2 bedroom, 1st floor apartment, ideally located near all amenities in Palma Old Town.

This modern 136 m2 property is set in a fully renovated development of only 5 neighbours in Plaza del Mercadal, a privileged area of Palma's historic centre.

It offers 2 double en suite bedrooms with built-in wardrobes, spacious living and dining area and fully equipped open plan kitchen with Miele appliances.

There is a storage room large enough to fit several bicycles and electric scooters by the entrance of the building.

Wooden flooring adds warmth and character to the otherwise white and sleek interior. The 2 bedrooms are located at the back of the property, towards the interior patio, guaranteeing a relaxing sleep. The en-suite bathrooms have natural stone counter tops, stand-up showers, towel heater and smart LED light system.

This new energy efficient community features the top quality finishes and is equipped with the most modern technology throughout the apartments such as Domotic system, reversible air conditioning and underfloor gas heating.

Additional Features: Large windows and balconies in the living area granting a beautiful view to Plaza del Mercadal. Apartment located on the 1st floor with lift.

Built in the traditional Mallorcan style, this complex enjoys the best Palma location, right in the heart of Palma's historic centre, in the lively "Sa Gerreria" quarter. Numerous touristic sightings, shopping malls and Palma town hall are all within walking distance. The Palma promenade along the sea is also a few steps away.

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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.