Refurbished 3 bedroom Apartment for sale in Old Town, Palma, Mallorca
The building, dating back to the sixteenth century, is listed in the Palma City Council's catalogue of protected buildings, owing to its high overall heritage value and the different elements that comprise it, such as its spacious entrance hall, typical of Palma's palaces that leads into a well preserved Baroque-style courtyard of great architectural value and of enormous beauty.
Some of the typical features of this listed building are an impressive facade portal, lovely wandering gardens, iron railings on the ...
The building, dating back to the sixteenth century, is listed in the Palma City Council's catalogue of protected buildings, owing to its high overall heritage value and the different elements that comprise it, such as its spacious entrance hall, typical of Palma's palaces that leads into a well preserved Baroque-style courtyard of great architectural value and of enormous beauty.
Some of the typical features of this listed building are an impressive facade portal, lovely wandering gardens, iron railings on the main stairs, charcoal sketch by Friar Manuel Bayeu, antic right-foot and drum pulleys, fresco on the 1st floor ceiling and beautiful woodwork.
This project is intended to demonstrate that refurbishment can be compatible with Heritage's respect and preservation.
The luxury residential complex includes only 6 properties, each one with unique stunning features like high-end living spaces, fully fitted kitchen, beautifully designed with materials of the finest quality and with total comfort and durability criteria in mind.
The living area is spacious and light-flooded thanks to the large windowed rooms.
There is a large terrace area to be enjoy Mallorca's unique Mediterranean mild and sunny climate.
Additional Features: Natural and high quality materials throughout, natural limestone tiling, Climalit double glazed windows, reversible air conditioning, and central heating.
Community with large garden and patio areas. A property with an extremely rich historical past that the architects have sought to preserve and enhance. None of its essence had to be lost in this unique restoration process presenting this sixteenth century palace as a symbol of elegance, clarity and purity.
This complex enjoys the best Palma location, right in the heart of Palma's historic centre. Numerous touristic sightings, shopping malls and Palma's town hall are all within walking distance. The Palma promenade along the sea is also a few steps away.
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This Apartment is located in Palma 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.