Project 3 bedroom Villa for sale in Ciutadella Centro Urbano, Ciutadella de Menorca, Menorca
639,000 EUR
549,540 GBP 690,120 USD
Reference: 220259
- Bedrooms: 3
- Bathrooms: 2
- Floor Size: 165 m2
- Plot Size: 0.32 hectares / 0.79 acres
Features
- Terrace
- Fireplace
- Garage
- Good Condition
Details
Set in 3,200m2 of land is this charming 3 bedroom villa located close to all amenities
The house is a property that was once a luxury villa surrounded by impressive gardens, which offers, next to the garage access, a splendid porch access into the living room with fireplace, leading onto a large rear terrace, two bedrooms, a full bathroom, a third bedroom, kitchen, laundry and cloakroom.
With an exterior staircase, you can privately access the first floor with terrace and an additional room in the form of cylindrical tower.
Ideal either for a family who wish to be close to the town, with only 12 minutes walking distance to the centre, or for investors on a long term ambition to achieve maximum profitability in the real estate business when the current urban plan changes, which will then allow the segregation into several plots each of 400m2 with the possibility to build on.
With terrace
With garden
With garage
2 bathrooms
Show Map
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.
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