New Build 2 bedroom Penthouse for sale in Son Armadams, El Terreno, Mallorca
The living area is distributed in 100m2 which consists of 2 large double bedrooms, 2 bathrooms, open-plan kitchen with living/dining area that leads to a covered 15m2 South facing terrace.
The penthouse uses modern comfort features like underfloor heating, air-conditioning throughout the apartment, indirect lightning, stone and wood oak flooring and an excellent standard of appliances of top materials, and a designer kitchen.
2 underground parking spots with storage area is included.
This deve...
The living area is distributed in 100m2 which consists of 2 large double bedrooms, 2 bathrooms, open-plan kitchen with living/dining area that leads to a covered 15m2 South facing terrace.
The penthouse uses modern comfort features like underfloor heating, air-conditioning throughout the apartment, indirect lightning, stone and wood oak flooring and an excellent standard of appliances of top materials, and a designer kitchen.
2 underground parking spots with storage area is included.
This development has paid close attention to capturing all the natural light through the large floor to ceiling window doors, and have great in-out-living for most of the year.
The location of this brand new modern development is located in between El Terreno and Santa Catalina. Just a short stroll from Palma's glistening marina, close by local markets, walking distance to the yacht harbour, Santa Catalina, forrest trails, this is city living at its finest.
Son Armadams is surrounded by a beautiful park on a hill that leads up to the Bellver Castle, one of the oldest Castles on the Island dating back to the 19th Century. It is a long standing mature residential area in the City that has been popular amongst the Local Mallorquin people since the early 1900's. For that reason the streets are lined with mature trees and there is beautiful light and shade.
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This Apartment is located in El Terreno in Balearic Islands
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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.