4 bedroom House for sale with countryside view with Income Potential in Es Mercadal, Menorca
The main property and adjacent annex offer a total built area of approximately 230 m2 and sits on a plot of 2,037 m2. Additionally, there is an adjacent agricultural plot of just over 1,000 m2, bringing the total land area to 3,059 m2.
This traditional Menorcan-style house, full of character and charm, has been lovingly maintained over the years, with careful attention to detail throughout, making it a truly unique and exceptional property.
A beau...
The main property and adjacent annex offer a total built area of approximately 230 m2 and sits on a plot of 2,037 m2. Additionally, there is an adjacent agricultural plot of just over 1,000 m2, bringing the total land area to 3,059 m2.
This traditional Menorcan-style house, full of character and charm, has been lovingly maintained over the years, with careful attention to detail throughout, making it a truly unique and exceptional property.
A beautifully landscaped garden leads to the welcoming entrance porch of the main house. The ground floor layout includes an entrance hall, a spacious open-plan living and dining area with a fireplace, a fully renovated kitchen, three double bedrooms, and two modern bathrooms.
The newly refurbished adjacent annex, styled as a loft, includes a living room, kitchen, full bathroom, and a double bedroom, ideal for guests or rental purposes.
The large terrace area features the private pool and an outdoor shower- creating the perfect setting for relaxation and entertaining.
This is an ideal property for both year-round living and as a holiday home, especially as it comes with a tourist rental licence.
The property is sold partly furnished.
There is a 7,700 m2 plot near the property.
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This House is located in Es Mercadal 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.