Waterfront 4 bedroom Apartment for sale with sea and panoramic views in Mahon, Menorca
Located within a residence with lift access dating from the late 1970s, the property offers approximately 114 m2 of usable living space and stands out for its generous proportions, natural light and excellent potential for modernisation.
The apartment has been carefully maintained over the years and remains in good condition, although some updating would allow it to meet contemporary standards and further enhance its value.
This has been reflected in the asking price.
Original...
Located within a residence with lift access dating from the late 1970s, the property offers approximately 114 m2 of usable living space and stands out for its generous proportions, natural light and excellent potential for modernisation.
The apartment has been carefully maintained over the years and remains in good condition, although some updating would allow it to meet contemporary standards and further enhance its value.
This has been reflected in the asking price.
Originally designed to provide four bedrooms and three bathrooms, the property has been adapted to suit the current owners' lifestyle.
One of the bedrooms is currently used as a formal dining room adjoining the living area, while another has been converted into a dressing room. Likewise, one of the bathrooms now serves as a utility room.
However, the original layout could be reinstated with relative ease should a future owner require four bedrooms and three bathrooms once again.
The living areas and terraces are undoubtedly the property's greatest attraction. From here, one enjoys privileged views over Mahon's natural harbour, one of the largest natural harbours in the Mediterranean, with open and constantly changing views that capture the essence of the town's maritime life throughout the year.
The property also benefits from an allocated outdoor parking space within the building grounds, a highly valued feature in this location.
An exceptional opportunity to acquire a generously proportioned home with outstanding views and significant potential for future appreciation in one of Menorca's most desirable settings.
Ideal as a permanent residence, holiday home or long-term investment.
parking
terrace
air conditioning
lift
sea views
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This Apartment is located in Mahon 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.