Project 5 bedroom Farmhouse for sale with countryside view in Llubi, Mallorca

2,500,000 EUR 2,150,000 GBP 2,700,000 USD

Reference: 226653

Bedrooms: 5
Bathrooms: 2
Floor Size: 1,146 m2
Plot Size: 41.5 hectares / 102.55 acres

Features

Possible Extra Dwellings
Outbuildings
Potential for Income
Countryside View
Private
Parking
May Require Improvement

Details

Imposing stone built farmhouse, ideally located right in the heart of Mallorca's tranquil and idyllic countryside, within a large plot of 415,000m2, around a 20 minute drive from the bay of Alcudia and about 30 minutes to Palma. The nearest villages are delightful, Llubi and Sineu which is famous for the market on Wednesday mornings. Llubi is a village located in the heart of Mallorca, where time seems to stand still. Off the beaten tourist path, Llubi has managed to retain the traditional charm of yesteryear. The pace of life tends to be slower here, making it a great choice for those looking for a peaceful holiday. Llubi is the ideal base from where to discover the historic side to Mallorca, or simply to set off on one of the many hiking and cycling routes.

The main house and other outbuildings total approximately 1,146m2 of built area. All buildings need a complete reform and modernisation. Once the reformation work has been completed, the estate will convert into an exceptional property. The buildings leave a lot of scope for an innovative conversion.

The main house impresses with rooms of grand dimensions through which the property will convert into a stately and luxurious country home once the modernisation has been completed. The outbuildings could provide separate guest accommodation.

The property offers various options for conversion.

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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.