Lovingly Maintained 4 bedroom Villa for sale in Marratxi, Mallorca
It is perfectly located to visit the rest of the island, especially the capital city Palma which is rich in culture, bursting with entertainment and less than 10 minutes away by car.
This attractive property has a generous build area of around 560m2 distributed across two storeys with a total of four bedrooms and three bathrooms.
There is an entrance hall which leads to a traditional living and dining room with double height ceilings and a wood burner, a mezzanine level with a second li...
It is perfectly located to visit the rest of the island, especially the capital city Palma which is rich in culture, bursting with entertainment and less than 10 minutes away by car.
This attractive property has a generous build area of around 560m2 distributed across two storeys with a total of four bedrooms and three bathrooms.
There is an entrance hall which leads to a traditional living and dining room with double height ceilings and a wood burner, a mezzanine level with a second living room, an upper terrace with mountain views and a fitted kitchen with enough space for dining.
Outside, the property is surrounded by mature landscaped gardens with an ornamental pond, there are various terraces, a built in barbecue, a private pool and a fully equipped pool house with a seating area, kitchen and bathroom.
Other features include a huge basement garage with space for up to 6 cars, a vegetable garden, air-conditioning (hot/cold), central heating, double glazed windows, double insulation and marble basin tops in the bathrooms.
This property has lots of potential and is a great investment opportunity.
Palma, the capital of the Balearic Islands, located in the bay of the same name, has a pleasant climate all year (17.9 degree C annual average). Known for its tourism and elegant shops, this city also has a beautiful old town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical. Large palm trees frame most of the beautiful monuments.
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Where is this property?
This Villa is located in Marratxi 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.