Refurbished 3 bedroom Apartment for sale in Palma, Mallorca

3,750,000 EUR 3,225,000 GBP 4,050,000 USD

Reference: 231956

Bedrooms: 3
Bathrooms: 3
Floor Size: 360 m2
Plot Size: 154 m2

Features

Terrace
Roof Terrace
Air Conditioning
Possible Extra Dwellings
Potential for Income
Private
Quiet Area
Parking
Turnkey
Good Condition

Details

With a total spacious living area of 360m2, this luxurious 3 bedroom apartment is set out over 3 floors and has a private courtyard garden of 154m2.

Situated in a quiet setting in Palma de Mallorca, nestled right in the heart of the city's Casco Angiguo, within a building which dates back to the 16th Century, and which is listed in the Palma City Council's catalogue of protected buildings.

Features include a spacious entrance hall, which is typical of Palma's palaces, leading to a well preserved and beautiful Baroque-style courtyard.

Some of the typical features of this listed building are: an impressive facade portal, lovely wandering gardens, iron railings on the main stairs, charcoal sketch by Friar Manuel Bayeu, fresco on the 1st floor ceiling and beautiful woodwork.

The luxury residential complex includes just 6 homes, each with unique stunning features like high-end living spaces, beautifully designed with materials of the finest quality and with total comfort and durability criteria in mind.

The living space of each property is spacious and light-flooded thanks to the large windows in the living rooms. Each property offers large enough terrace areas to be able to enjoy from home Mallorca's unique Mediterranean mild and sunny climate.

Additionally this property offers a fully equipped guest apartment, a roof terrace and a 154m2 private garden area and it is sold partially furnished.

Additional features: natural and high quality materials throughout, natural limestone tiling, Climalit double glazed windows, reversible air conditioning, central heating and large communal gardens and patio areas.

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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.