Income Producing 4 bedroom House for sale with countryside view in Selva, Mallorca
This superb property comes with a valuable holiday rental license and is perfect for those who wish to keep horses as it has stables and a paddock.
The two-storey renovated finca is spacious with lots of character and on the ground floor is a cosy living room with a wood burner and access to the covered terrace. A large archway separates the living room from the dining area and modern fitted kitchen, with access to another covered terrace overl...
This superb property comes with a valuable holiday rental license and is perfect for those who wish to keep horses as it has stables and a paddock.
The two-storey renovated finca is spacious with lots of character and on the ground floor is a cosy living room with a wood burner and access to the covered terrace. A large archway separates the living room from the dining area and modern fitted kitchen, with access to another covered terrace overlooking the garden and pool. This level also contains a double bedroom with walk in wardrobe and en suite bathroom, a laundry room and machine room.
Up on the first floor are three further bedrooms, a bathroom and two delightful terraces offering magnificent panoramic views. One of these terraces also has an external staircase providing convenient access to the pool area.
Outside, landscaped gardens and various terraces surround the property providing a peaceful oasis. There is a swimming pool with sunbathing area, fruit trees including orange, lemon, almond and olive, plus there are fantastic facilities for horses including a riding area, paddock, and shelter.
Additional features include two garages (one with a toilet and shower), reverse air conditioning, fibre optic internet, a photovoltaic energy system, an A-Rated energy certificate, a pending license to drill a well, an efficient irrigation system with 5 circuits from Hunter, and a Smart Home system which can control all the villa's technology from anywhere in the world.
Selva is an idyllic municipality with about 3,000 inhabitants in the Tramuntana area, between Inca and the Lluc monastery. The villages Caimari, Moscari and Biniamar also belong to this municipality. Caimari is famous throughout Spain for the production of high quality olive oil.
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This Villa is located in Selva 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.