Immaculate 4 bedroom House for sale with sea view in Palma, Mallorca

1,950,000 EUR 1,677,000 GBP 2,106,000 USD

Reference: 229863

Bedrooms: 4
Bathrooms: 3
Floor Size: 680 m2
Plot Size: 70 m2

Features

Balcony
Terrace
Air Conditioning
Potential for Income
Sea View
Garage
Good Condition

Details

Very well presented, bright and spacious 4 bedroom townhouse with garden and terraces, enjoying stunning sea views from its ideal location near all amenities in the heart of Palma.

This large property situated in the rising area of Pere Garau, central Palma, offers a living area of 550 m2 plus 70 m2 of garden and 130 m2 of terraces (90 m2 on the 1st floor and 40 m2 on the 2nd floor).

The ground floor is a beautiful space of 280 m2 living area overlooking the spacious garden with 2 casitas. This floor has a kitchen, and the remaining space could be rearranged as a loft, exposition room or office area. The kitchen opens out to a big private terrace of 90 m2.

The main living area has a high 3.50 m ceiling which makes it very bright and spacious. The 1st floor is a 140 m2 apartment with 3 rooms: One master suite with a large bathroom with shower and bath, double walk in wardrobe and access to the terrace and 2 other rooms with large living spaces and sharing a bathroom.

The 3rd floor is a 130 m2 habitable area that could also be used as an artist studio or an extra office space. It is connected to its own 40 m2 rooftop terrace.

This property offers the exceptional opportunity to live in a large and luminous house with spacious outdoor areas while being in a very central part of the capital.

Very versatile, it offers many multiple transformation possibilities for a family, an artist or a musician (for its private location). The whole living area can also be split into 3 different apartments to be rented out or sold separately.

Additional Features: Private garage in the house with automatic gate, for 2 or 3 cars and minimum 2 bikes, reversible air conditioning, central heating, ceiling fans, and separate guest WC.

The property is located 2 minutes walk to the Pere Garau market and 10 minutes walk to the main Corte ingles, shops, and all of the best of Palma city life.

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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.