New Build 2 bedroom Duplex for sale in Santa Catalina, Mallorca

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

Reference: 233220

Bedrooms: 2
Bathrooms: 3
Floor Size: 117 m2

Features

Duplex
Terrace
Quiet Area
Turnkey
Good Condition

Details

Immaculately 2 bedroom duplex apartment, with a total spacious living area of 117m2, which includes a 24m2 terrace, ideally situated within the most highly desirable area of Palma, on a quiet street in Santa Catalina and within walking distance to all amenities.

The entire apartment is specially designed and furnished with great taste and style. There is a wooden flooring with underfloor heating and a great atmosphere.

Entrance level: 2 bedrooms with en-suite bathrooms and a laundry room.

Upstairs: spacious 47m2 living/dining area and a WC.

Only the best materials and surfaces are used. All floors in the bathrooms are either oak, natural stone or marble. The cabinets are made of wood.

This duplex apartment is part of just 3 apartments with 2 floors each.

Santa Catalina is considered the Bohemian district that offers all the best and latest of all different types of restaurants, coffee, smoothie and organic shops and also a paradise for vegetarians. It has the local typical Spanish market with all its' fresh local fish, fruits and vegetables. Everything is available in this area. It is also within walking distance to the long boardwalk along the sea, marina, Cathedral, and the centre city of Palma.

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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.