3 bedroom Villa for sale with countryside view with Income Potential in Llucmacanes, Menorca
This quintessential property represents the indigenous and self-sufficient rustic single-family constructions. It embodies the very essence of a way of life where a dwelling is more than just a roof over one's head.
This remarkable house embraces the rich heritage and traditions that encompass not only shelter, but also family sustenance with its characteristic wood-fired oven, fertile grounds for year-round cultivation of vegetables and greens, chicken coops, and even its own precious natural resource: a private well.
Preserving its original charm and authenticity, this humble yet genuine dwelling boasts its intact original areas. There is a welcoming courtyard, an entrance hall, a spacious living and dining area, a well-appointed kitchen, three bedrooms, and two bathrooms.
This property holds a coveted tourist license for up to six people - a highly sought-after asset in rustic settings. It exudes serenity with its white walls, reflecting the magical island light.
Llucmaçanes is included in the district of Maó and is made up of a quiet centre of single-family homes that are spread around the church of Sant Gaiteà . This parish centre constitutes the locals’ meeting point and during the first weekend of August, the village joins in with the patron saint festivals of Menorca with the traditions of horses and music.
Llucmaçanes offers the possibility of being able to live in a pleasant setting in which the majority of houses have a garden and pool.
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This Villa is located in Llucmacanes in Balearic Islands
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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.