Historical 5 bedroom Townhouse for sale with sea view in Ciutadella de Menorca, Menorca

1,785,000 EUR 1,535,100 GBP 1,927,800 USD

Reference: 240680

Bedrooms: 5
Bathrooms: 7
Floor Size: 345 m2
Plot Size: 55 m2

Features

Balcony
Terrace
Roof Terrace
Hot Tub or Sauna
Potential for Income
Existing Tourism Licence
Sea View
Good Condition

Details

Unique opportunity to acquire a beautifully restored 18th century heritage building with garden and Tourist License, ideally located near all amenities in the heart of Ciutadella, while offering panoramic sea views can be enjoyed from the roof terrace.

This stunning property was once home to a famous Minorcan cartoonist, and has been recently lovingly restored with a modern minimalistic approach, while retaining its original layout and historical features, wooden beams, arched windows, stone staircase and balustrades, resulting in spacious rooms flooded with light.

All fittings and furnishings have been carefully selected from Europe's leading designers and brands, which gives its interiors real personality and character. The building possesses its own osmosis and grey water filtration machine, while all the materials like ceramics, terrazzo tiles, and stone, have been sourced locally or from companies with eco policy and low carbon footprint.

The building comprises of five uniquely designed double bedrooms, ranging from 27m2 to 36 m2, each one with its own specifications, from open plan cast iron baths, to external showers. They all come with their own suite bathrooms.

On the first floor there are three rooms, two with a balcony and one with its own private patio. There are two more rooms on the second floor.

At the moment the building is operating as a hotel, with a contemporary art gallery and a Cafe-Bar on the ground floor, serving artisan coffee, breakfast, brunch and a refined selection of small dishes (tapas), to a wider public.

Nevertheless, the building has many possibilities: it can be, either, left as it is, or transformed to a luxurious villa with the tourist licence, with a big open plan kitchen and dining area on the ground floor that leads to a beautiful spacious walled garden, where a swimming pool can be installed.

It also has a spacious basement with a beautiful stone arch, typical for the historic buildings of Ciutadella, which could be easily transformed to a private spa with sauna and Jacuzzi, to a gym or even a wine cellar.

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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.