Character Farmhouse for sale with countryside view in Algaida, Mallorca

This huge country estate located in Algaida, originally dates from the 15th Century and includes a main house, various outbuildings and extensive rural grounds of over 546,000m2, situated in a picturesque wine producing area, just 25 minutes from the centre of Palma and the airport.

There is the large main house which is accessed via an inner courtyard, and a group of buildings to one side which include an impressive wine storage area, still containing the huge original wine barrels. To the other side of the property, there are numerous outbuildings which were previously occupied by the vineyard workers. There are also several barns which housed farm animals and agricultural machinery.

The extensive grounds comprise of forested areas of pine and oak, olive and fruit trees, and arable land which is irrigated by a freshwater spring. In addition, there are many original features, mature gardens, water deposits, storerooms, and ancient caves. At present there is no mains electricity although it can be connected to the grid which is close to the property.

Huge and impressive country home, which could become a rural hotel or combination of the two.

Algaida is a quintessential Mallorcan town in the centre of the island. A cluster of Medieval streets built around the central plaza, it's one of the best places to experience the old charm of the island and sample of it's more rustic and traditional delicacies. Set amongst the soft plains of the island, it's an ideal place for hikers, cyclists and lovers of the outdoors.

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Features

Reference242380

Price4,200,000 EUR

Bedrooms

0

Bathrooms

0

Floor Space

1,967.0m2

Land Area

54.7 Ha

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Fruit Trees

Has fruit trees

Vineyard or Wine Making

Existing vines and/or wine production equipment

Original Features

Retains original character features

Possible Extra Dwellings

Has suitable building for conversion

Outbuildings

Unconverted buildings

Potential for Income

Existing or suitable conditions for income

Countryside View

Full or partial view of countryside

Private

Not overlooked

Parking

Has vehicle parking

May Require Improvement

May require cosmetic or structural work

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Buying a property in the Balearic Islands

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.