Bright 3 bedroom Townhouse for sale in Paseo Maritimo, Palma, Mallorca

1,190,000 EUR 1,023,400 GBP 1,285,200 USD

Reference: 235278

Bedrooms: 3
Bathrooms: 2
Floor Size: 256 m2
Plot Size: 1,129 m2

Features

Balcony
Terrace
Communal Pool
Tennis Court
Air Conditioning
Fireplace
South Facing
Quiet Area
Parking
Garage
Good Condition

Details

Lovely 3 bedroom corner townhouse, with a total spacious living area of 256m2, situated on a quiet side street in Son Armadams, close to the famous Paseo Maritimo and the nightlife district of Santa Catalina.

Features include: spacious living area with a stylish fireplace and large windows making the room very bright, dining area and a fitted and equipped kitchen.

First floor: master bedroom with a spacious bathroom, dressing room and a balcony.

Second floor: 2 further bedrooms and an open space, which, due to its orientation towards the terrace and pool as well as the large window front, is excellently suited as an office, but could also be used as a further living area or as a playroom for children.

Outside: spacious south-facing terrace with access to the communal swimming pool, which is just a few steps away.

The house also has a cellar, 2 car garage and a basement with a utility room, pantry and a spacious storage room. This area could easily be converted into a small guest room.

Additional features: air conditioning, communal swimming pool, balcony, terrace, garage, parking space, utility room, storage room, guest WC.

Son Armadams is surrounded by a beautiful park on a hill that leads up to the Bellver Castle, which is one of the oldest Castles on the Island dating back to the 19th Century. It is within walking distance to Santa Catalina and the tennis club, to public transports, schools, restaurants and with good infrastructure around.

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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.