Refurbished 3 bedroom Apartment for sale in Bonanova, Mallorca

645,000 EUR 554,700 GBP 696,600 USD

Reference: 230039

Bedrooms: 3
Bathrooms: 3
Floor Size: 100 m2
Plot Size: 120 m2

Features

Terrace
Communal Pool
Air Conditioning
Quiet Area
Parking
Garage
Good Condition

Details

Bright and totally refurbished 3 bedroom apartment with a total living area of 100m2, plus a large private terrace of 120m2, ideally situated within a highly sought after setting in Bonanova, in the district of Palma de Mallorca.

Facing south-east and conveniently situated just a few steps from Porto Pi shopping centre, features include: 3 double bedrooms, 3 bathrooms, open plan fitted kitchen with a living/dining area, all with access onto the large terrace, which is ideal for outdoor living. At back, there is another covered terrace that can be used as a utility room and storage area.

Other features include: secure garage parking spot and storage area, underfloor heating, reversible air conditioning,high quality kitchen appliances, built-in wardrobes, porcelain flooring, double glazing and there is also a communal swimming pool.

Bonanova is a desirable and quiet residential district of the island's capital Palma, just on the outskirts. Its location offers easy access to the Calvia motorway within easy reach to Cala Major, Sant Agustin and Illetas beaches. Good public transport connections to the city, and the Paseo Maritimo promenade is also nearby to walk or cycle along.

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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.