Refurbished 2 bedroom Apartment for sale in Santa Catalina, Mallorca

Bright and totally refurbished 2 bedroom ground floor apartment, with a total lving area of 140m2, plus an enclosed terrace area, located in Santa Catalina/Son Espanyolet area of Palma.

Beautifully refurbished to a very high standard, features include: open living/kitchen area with access onto a 60m2 enclosed patio area, 2 bedrooms and 2 bathroom.

Additional features include: underfloor heating, air conditioning, double glazed windows, terrace with barbecue area and the property comes fully furnished.

Ideally located just a few steps from the historic centre of Palma and all amenities, as well as the famous "Palma Tennis Club" and Santa Catalina market.

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Features

Reference233565

Price650,000 EUR

Bedrooms

2

Bathrooms

2

Floor Space

140.0m2

Land Area

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Terrace

Terraced outside space

Tennis Court

Existing tennis court

Air Conditioning

Existing in one or more rooms

Turnkey

Good Condition

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Buying a Property in the Balearic Islands

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.