5 bedroom Villa for sale with Income Potential in Cala Blanca, Menorca
This exceptional property combines Mediterranean charm with contemporary design, providing an ideal sanctuary for both personal enjoyment and a sound, profitable investment.
Set on a generous plot of approximately 1,400 m2, it boasts spacious outdoor areas that offer limitless opportunities to make the most of the island's enviable climate.
With a built area of 270 m2, the property is thoughtfully laid out to ensure a harmonious balance of comfort, privacy, and sophistication. Internally, it features five spacious bedrooms a...
This exceptional property combines Mediterranean charm with contemporary design, providing an ideal sanctuary for both personal enjoyment and a sound, profitable investment.
Set on a generous plot of approximately 1,400 m2, it boasts spacious outdoor areas that offer limitless opportunities to make the most of the island's enviable climate.
With a built area of 270 m2, the property is thoughtfully laid out to ensure a harmonious balance of comfort, privacy, and sophistication. Internally, it features five spacious bedrooms and three well-appointed bathrooms, all designed to maximise comfort.
The large living and dining room with a fireplace, a separate sitting area, and a fully renovated kitchen with direct access to a substantial terrace, garden, and pool, enhance the property's appeal.
Air conditioning (heating and cooling) ensures year-round comfort. The exterior of the property is a true oasis, with inviting spaces that promote relaxation and tranquility. Whether enjoying an alfresco breakfast, hosting evening dinners under the stars, or unwinding at sunset, this outdoor area offers infinite possibilities for customisation and expansion.
More than just a home, this property presents a unique opportunity for those seeking a residence in a peaceful environment, complemented by the added benefit of a tourist licence, ensuring excellent return on investment.
A place where comfort, privacy, and growth potential converge, offering an extraordinary home in one of the island's most coveted locations.
Cala Blanca - This beautiful bay is less than five minutes west of Ciutadella by car and has the benefit of having a small cove of transparent waters. It is an area of villas and apartments not only for holidays but also for people looking for year-round living. This urbanised cove has various bars and restaurants which take full advantage of the magnificent views over the coast. It is not only a good place to sit and view the island of Mallorca on the horizon but also to check out the Lighthouse of Artrutx.
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This Villa is located in Cala Blanca 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.