New Build 2 bedroom Apartment for sale with sea view in Fornells, Menorca

584,000 EUR 502,240 GBP 630,720 USD

Reference: 245353

Bedrooms: 2

Features

Terrace
Sea View

Details

Fornells Bay is born, a unique project in the spectacular, sought after enclave of Fornells, a coastal town par excellence on the north coast of Menorca. It has grown from a fishing village to a popular location for locals and visitors alike, where nautical activity, the unbeatable gastronomic offer and the tranquil lifestyle life make it such a desirable choice. Building is estimated to start during the first quarter of 2024, and the project incorporates 67 apartments with varying sizes and layouts. Communal areas with swimming pools, as well as some properties with their own roof top plunge pools with a panoramic view of Fornells bay and out to sea. The project aims to blend the development with its surroundings, respecting the traditional, characteristic Menorcan building materials. It boasts a well studied layout, and quality materials and finishes, as well as impressive terraces, full spec on request. The apartments range between 73m2 and 170m2 metres, two bedrooms with a terrace, three bedrooms over two floors and two storey penthouses with roof top solarium and private pool. Attractive, private communal areas including swimming pools for adults and children, garden with indigenous vegetation, gym, parking spaces and storage room (optional, +25.000 EUR). Please contact us to discuss the best option available option for your needs and reserve your new home.

parking

terrace

air conditioning

heating

lift

Swimming pool

With terrace

With sea views

With sea views3 bathrooms132m2 built.

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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.