Project Villa for sale in Sant Climent, Menorca

841,000 EUR 723,260 GBP 908,280 USD

Reference: 232242

Floor Size: 650 m2
Plot Size: 1,440 m2

Features

Potential for Income
Parking
Turn Key Good Condition

Details

Charming historical property with garden needing renovation, located near all amenities in San Clemente.

This property has about 1,400 m2 of land, and more than 600 m2 living space.

It is situated in the heart of the town, and very close to the beautiful beaches of Binidali and Canutells.

The original structure of the house is the classic Menorcan architecture from the 17th and 18th centuries.

It preserves many of the original building materials of the time.

It requires renovation and could be a wonderful home, bar or restaurant.

Sant Climent forms part of the district of Mahón, half way between the capital and the urbanisations of Cala en Porter, Calescoves, Binidali and Es Canutells. Prehistoric times have gifted this village with numerous archaeological sites such as the Talayot of Perelló or the basilica of Fornàs, among others.

Its strategic position close to the airport of Mahón makes it a privileged spot in terms of communication and it is a regular spot for stopping for lunch or breakfast before or after taking a flight. The kitchens of the restaurants of Sant Climent are highly appreciated by many and include famous tourists such as the renowned Spanish singer Joan Manuel Serrat.

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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.