Renovated 5 bedroom Villa for sale with sea view in El Terreno, Mallorca
This unique property is in a sought after district of Palma offering different investment options. It is spread over a 921m2 built area on a 530m2 plot, presently offering 5 bedrooms and 5 bathrooms.
There is the master apartment, with elevator, of about 260m2 over 3 levels comprising of the "planta" noble (nobel floor) of about 140m2, with high ceilings, 4 big undetermined living rooms/spaces, 30m2 terrace and 3 balconies.
The penthouse enjoying spectacular views, with 2 living rooms, ki...
This unique property is in a sought after district of Palma offering different investment options. It is spread over a 921m2 built area on a 530m2 plot, presently offering 5 bedrooms and 5 bathrooms.
There is the master apartment, with elevator, of about 260m2 over 3 levels comprising of the "planta" noble (nobel floor) of about 140m2, with high ceilings, 4 big undetermined living rooms/spaces, 30m2 terrace and 3 balconies.
The penthouse enjoying spectacular views, with 2 living rooms, kitchen, bedroom and bathroom, and a 10m2 tower/terrace with stone benches and spectacular 360 views of Palma, the harbour, the Bellver castle, the World Heritage magnificent Tramontana mountains and the coast, up to 30 km away, on the third floor.
A 90m2 guest apartment is on the first floor, with its own entrance, a living room, 2 bedrooms, 1 bathroom, and a fitted kitchen.
A spacious ground floor of about 240m2 includes a bar, professional kitchen, a huge living/dining room, 4 bathrooms and several storage rooms.
At garden level, besides the lovely 300m2 garden patio, there is a 75m2 cellar with a bodega (wine cellar) and more storage space.
Additional Features: Tower room with fantastic sea views, parking for 3 cars, lift, storage rooms, views over the Bellver castle, fireplaces, air conditioning.
Year built: 1900 - recently entirely renovated, this exceptional property is ready to be enjoyed by its new owners as a family house.
Another option is to dedicate part of it to a licensed cafe or restaurant. The whole property can also be divided into 3 different apartments.
It is ideally located in a quiet area of El Terreno at the foot of the Bellver castle and its magnificent garden. It is probably one of the most beautiful houses of this favoured area of the island's capital.
El Terreno is a very sought-after district of Palma de Majorca offering not only all amenities at walking distance but also several international schools and green areas nearby, making it particularly attractive for families with children and/or dogs, who will love to be walked around the breathtaking Bellver natural park. It is close to the very centre of Palma and within walking distance to the charming Palma's promenade, Paseo Maritimo and to the beaches.
Share on Twitter / X
Share on Facebook
Share on Pinterest
PrintFeatures
Fees Paid By SellerLocation
Where is this property?
This Villa is located in El Terreno in Balearic Islands
For security, the map shows the nearest town or village. Please get in touch for full details.
Search Location
Find Properties near El Terreno
Airports near El Terreno
More Luxury Properties
Similar Properties
Nearest Properties
Featured Properties
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.