5 bedroom Villa for sale with panoramic view in Buger, Mallorca
This vast property was built in 2003 on a corner plot and comes with both indoor and outdoor swimming pools and is ideally located walking distrance from shops, restaurants and local amenities.
The villa has been built to the highest standard, using the best materials and is luxurious in every way; it has many unique features which will delight, such as a interior lift granting easy access between levels, marble flooring, opulent decor and sweeping staircases.
The ground floor has 2 large garages, a living/entertainmen...
This vast property was built in 2003 on a corner plot and comes with both indoor and outdoor swimming pools and is ideally located walking distrance from shops, restaurants and local amenities.
The villa has been built to the highest standard, using the best materials and is luxurious in every way; it has many unique features which will delight, such as a interior lift granting easy access between levels, marble flooring, opulent decor and sweeping staircases.
The ground floor has 2 large garages, a living/entertainment room, storage space and an amazing heated indoor pool area, gym and sauna for year-round fitness or relaxation.
On the first floor, you will find the main entrance with a marble floor, an office, a fitted kitchen and an open plan living / dining room with several sets of glass double doors providing an abundance of natural light, enviable views and direct access to the covered terrace, while the second floor offers 5 spacious bedrooms, 3 with en-suite bathrooms, an additional bathroom and a terrace overlooking the pool.
Outside, the second pool is surrounded by plenty of terrace space to relax in the shade or sunbathe, the garden is beautifully kept and laden with local flora.
This incredible home has countless facilities and it could also be modified to create a boutique hotel, it is an exciting investment opportunity.
Area information: Buger is a lovely Mediterranean village with very good connection to the motorway. That means that you can reach various amazing beaches in the north of the island within a 20 min drive. Palma and the international airport is an easy drive of about 30min away.
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Where is this property?
This Villa is located in Buger 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.