Income Producing 5 bedroom Villa for sale in Alcudia, Mallorca
This well-presented property is situated just 200m from the sea front and walking distance from Alcudia old town, making it ideal for holidays or year-round living. It has rooms distributed across two storeys and on the ground floor is an entrance hall, two double bedrooms, a bathroom, a separate kitchen-diner with pantry, and a bright, open plan living and dining room with a cosy wood burner and terrace access.
Upstairs are three furthe...
This well-presented property is situated just 200m from the sea front and walking distance from Alcudia old town, making it ideal for holidays or year-round living. It has rooms distributed across two storeys and on the ground floor is an entrance hall, two double bedrooms, a bathroom, a separate kitchen-diner with pantry, and a bright, open plan living and dining room with a cosy wood burner and terrace access.
Upstairs are three further bedrooms and a bathroom; this includes the master bedroom with walk-in wardrobe and a private terrace. This floor also has a utility room which could be converted into another bathroom as it already has a water supply.
Outside, the villa is surrounded by well-maintained gardens and terraces, there is a south-east facing pool to the front, plenty of outdoor seating areas, a shower room, and a built barbecue. In addition, the property has double glazing, reverse air conditioning, parquet flooring, a holiday license for 8 people, and it is being sold furnished.
Alcudia is one of the most attractive historical towns in Mallorca. The medieval wall built in the 14th century; the ruins of the ancient Roman city Pollentia and the church of Sant Jaume attract hundreds of visitors, lovers of architecture, culture and history year upon year. The port of Alcudia is located just a couple of kilometres away offering a wide range of entertainment activities, exquisite restaurants and trendy cafes.
Apart from its inherent beauty, Alcudia is brilliantly located near the heavenly beaches in the bays of Alcudia and Pollensa, and has easy access to the motorway that connects the entire island.
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This Villa is located in Alcudia 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.