Bright 4 bedroom House for sale with countryside view and panoramic view in Santa Magdalena, Mallorca
With a living area of around 522m2, features include 4 spacious bedrooms and 5 bathrooms. It is a very large family home offering a flexible use of space.
The house was built to the highest of standards, the living rooms are bright and spacious and the kitchen is fully equipped. It also has ground floor central heating from Viessmann in addition to reversible air conditioning in all rooms. Furthermore, there is an extremely large basement of approximately 480m2 which coul...
With a living area of around 522m2, features include 4 spacious bedrooms and 5 bathrooms. It is a very large family home offering a flexible use of space.
The house was built to the highest of standards, the living rooms are bright and spacious and the kitchen is fully equipped. It also has ground floor central heating from Viessmann in addition to reversible air conditioning in all rooms. Furthermore, there is an extremely large basement of approximately 480m2 which could house up to 10 cars, with a garage door that opens automatically.
There is a deep water well which supplies the finca with around 5,000 litres per hour, even during August, which is the hottest month in Mallorca.
The villa also possesses a coveted holiday rental license, a very important factor from the investment point of view, and it has a separate building of about 50m2 where an independent guest house could be created.
There is a small casita of approximately 40m2 which could be converted into a perfect guest house.
This is a very conveniently located house giving quick and easy access to both Palma and the beautiful unspoilt beaches and coastline of the north.
House with ETV rental license for sale. Please note that holiday villas in Puerto Pollensa are registered under the ETV Touristic law of Mallorca and the Balearic Islands.
The views are spectacular towards Campanet, Santa Maria and Palma de Mallorca, which is only approximately a 15 minute drive away. Pollensa is around a 10 minute drive. It is a quiet and convenient location.
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This House is located in Santa Magdalena 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.