Authentic 5 bedroom Building Land for sale with countryside view in Torret, Menorca

1,060,000 EUR 774,000 GBP 972,000 USD

Reference: 243578

Bedrooms: 5
Bathrooms: 1
Floor Size: 211 m2
Plot Size: 1.09 hectares / 2.68 acres

Features

Terrace
Garden
Land
Private Pool
Original Features
Countryside View
Quiet Area
Garage
May Require Improvement

Details

Unique opportunity to acquire a charming 5 bedroom house requiring a complete renovation, nestling in one hectare of land with pool, enjoying far reaching countryside views from its peaceful location near the prestigious village of Torret.

Situated just minutes away from the charming town of San Luis and less than four kilometres from the most stunning beaches on the southern coast.

This rustic estate is a gem with over a hectare of fertile land, featuring its own water well and electricity supply. The authentic house, a faithful reflection of Menorcan architecture, spans two floors and exudes the historical charm of the era and the region.

While it requires a complete renovation, this blank canvas offers endless possibilities to become the residence of your dreams. Don't miss the opportunity to create the rural retreat you've always desired in this picturesque setting.

S'UESTRAR and TORRET: South of Sant Lluís and near the area of ??Pou Nou and Es Consell, are these two villages of menorcan houses with gardens, where there are many good restaurants and a splendid grocery store of great renown. It is the ideal place for those who want to enjoy the tranquility that combines the menorcan countryside, without missing the services found in the active town of Sant Lluís.

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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.