Unique 7 bedroom Villa for sale with sea view in Costa de la Calma, Mallorca
With a total living area of 330m2, this unique property is set in a beautiful area and is currently a 5 bedroom villa with a separate 2 bedroom guest house.
With direct access down to the sea, the property needs a complete renovation to bring it up to date with modern living and to make the most of the spectacular setting. Another option is to completely demolish the existing property and treat it as a new build. Either way this is property with lots of potential.
Costa de La Calma is a much desire...
With a total living area of 330m2, this unique property is set in a beautiful area and is currently a 5 bedroom villa with a separate 2 bedroom guest house.
With direct access down to the sea, the property needs a complete renovation to bring it up to date with modern living and to make the most of the spectacular setting. Another option is to completely demolish the existing property and treat it as a new build. Either way this is property with lots of potential.
Costa de La Calma is a much desired area and a fantastic location to live. It is close to Santa Ponsa, which is a chic residential area belonging to the municipality of Calvia, on the sought after south-west coast of Majorca. It is also adjacent to the El Toro urbanisation and provides all amenities.
It is also close to the luxury marina of Puerto Adriano offering a great choice of gourmet restaurants, shopping malls, various entertainment options, and all amenities. The area offers a combination of breathtaking landscapes and international social hub life without forgetting the beautiful beaches and several golf courses.
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This Villa is located in Costa de la Calma 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.