6 bedroom Villa for sale with sea and panoramic views in Es Mercadal, Menorca

9,500,000 EUR 8,170,000 GBP 10,260,000 USD

Reference: 218298

Bedrooms: 6
Floor Size: 1,500 m2
Plot Size: 98 hectares / 242.16 acres

Features

Equestrian Facilities
Fishing Facilities
Possible Extra Dwellings
Potential for Income
Sea View
Panoramic View
Private
Parking
Mooring
Turn Key Good Condition

Details

Grand, spacious and stunning,this unique villa is situated within an exclusive and unique setting within a large 98 hectare country plot in Es Mercadel, on the north coast of Menorca, next to the fishing village of Fornells.

With a vast total built area of around 1,500m2, features include the main house, secondary and agricultural buildings.

With private access to the sea, with its own jetty and together with its incomparable surroundings and magnificent views, it offers extraordinary possibilities, whether it is a luxury hotel, leisure property, large family home or an agricultural property, this estate is absolutely exceptional.

The main and most attractive of the buildings is a majestic house perched on top of the hill. Thanks to its elevated position it enjoys panoramic views of the bay of Fornells, the beach of Cala Tirant, the Menorcan countryside and Monte Toro. This colonial-style house consists of almost 550m2 of partially refurbished building. In front of the building, the old classical gardens on several levels are joined by the beautiful original stairs.

The secondary house, which is located at the base of the hill and dates from 1900 is known as "casa de payes". It consists of a 350m2 built area and has a selection of annex buildings that make a total of more than 650m2.

Amongst the pine groves, along which a private road runs to the jetty in the bay of Fornells and surrounded by wooded areas, is the newly renovated stable. From here, a wavy landscape of extraordinary beauty leads to the last building, which is a hut of about 50m2 that is on the edge of the sea, next to the jetty.

The estate has a reform project including the construction of a tunnel to join the 2 plots under the road. Plans are available.

- Excellent investment opportunity
- Stunning sea views
- Total built area of 1,550m2
- Total land area of 980,000m2
- Gite
- Farm buildings
- Guest house
- Stables
- Private access to the sea
- Private jetty

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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.