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Contemporary Project15th Century, 5 storey Palma luxury Townhouse in Prime LocationPalma luxury townhouse in a prestigious location in Palma’s historic first Plaza, 50m from Plaza Major. A perfectly restored 15 century building with 21st century interior finishes and fittings while keeping within sympathy to the architectural history with the rejuvenated classical façade. The views of the sea and the convenience of being in the centre of one of the most stunning and historic cities in the world combine to make this a unique opportunity.• Large 5 bedroom en-suite housxe with a separable guest apartment• Very high energy efficiency rating (B) provisional, all walls and false insulated with fibre wool.• 2 very spacious car parks in garage with car turntable for ease of access. Bike and Motorcycle places.• Underfloor heating in all primary living areas (not including gym, pool and garage.)• Hot and cold air conditioning in all enclosed floors except garage space and indoor pool area.• House Domotic system controlling many household features and access and alarms.• OTIS Lift access to all floors except roof terrace.• Black painted (or owner preference) Natural wood -Double glazed- argon filled windows of very high efficiency rating and noise reduction.• Persianas/ shutters fittings to all exterior windows.• Beautiful real wood kitchens and bathrooms, by CAIRE• Italian lighting throughout with dimmers (see lighting plan)• Central music system - SONOS or similar• High speed fibre-optic internet connection and wifi.• High quality Schneider D-life switches and plugs - Black.• European styled bathrooms on all living floors, with natural marble bowls.• GESSI (HIFI range) tap and fittings in bathrooms.• Extravagant sized entertainment, gallery or office floor.• OTIS designed kitchen (dumb waiter) servicing floors 4, 5 and terrace.• Gaggennau brand electrodomestics throughout main kitchen (conventional oven, vapor oven, café machine and multifunction microwave.• Miele-Washer & dryer, Main kitchen full size touch door opening Main fridge and freezer, wine fridges.• Indoor living walls (vertical gardens) entrance and patio wall.• Private roof terrace with kitchen/BBQ entertainment and sunbathing area and Jacuzzi (at owners request) with elevated “MARTINI” terrace with views.• Indoor heated pool with optional counter current jet pump (at customer request)• Gymnasium with AC• Sauna (see photos below )• Jacuzzi - 4 person (see photos below, image is example of type)• Separate laundry room.• Recessed aluminium skirting boards throughout.• Flooring in a wood look porcelain floor boards laid in classic CHEVRON pattern.• Water softener system for all outlets and osmosis drinking water systems for kitchens and fridges etc.Though centrally located the house is in a quiet area with ideal street access just seconds from multitudes of restaurants of every level. In the heart of the fashionable boutique shopping centre. Also Minutes from Merkat d&39;Olivar selling fresh local produce and also supermarkets. You are also close to the main public transport hub for the whole island with a coach station bus stops for all journeys and the metro station. In addition the airport is just a twenty minute drive away.Construction is due for completion by the end of the year. Allowing time for bureaucratic government procedure, we would estimate move in date being by February 2025.PalmaPalma is the capital city of Mallorca. It has changed dramatically over the years thanks to sophisticated urban planning and extensive restoration work in the old town. The so-called &39;Pearl of the Mediterranean&39; is more beautiful than ever with its Mediterranean flair and rich culture. You will be treated by its café culture, boutique shops and restaurants, theatres and more.Befitting of a capital city Palma offers all the day-to-day conveniences you will need in every one of its neighbourhoods and retains a uniquely intimate atmosphere with everything being within walking distance. ‘A capital city with welcoming community spirit’In addition public transport is very well structured to reach the length and breadth of both the city and the rest of the island of Mallorca as well as the world with the airport being just a 5 minute taxi ride away.
Property Features
- 5 bedrooms
- 8 bathrooms
- 698m² Build size
- 110m² Plot size
- Elevator/Lift
- Private pool
- Terrace: Yes
- Solarium: Yes
- Jacuzzi
- BBQ
- Space - Garage
- Number of Parking Spaces: 2
- Beach: 5 Minutes
- Shops: 5 Minutes
- Airport: 15 Minutes
- Views: Sea
- Near Metro Station, Train Station
- Near Trees
- Near Schools
- Near Childrens Parks
- Near Commercial Center
- Near bus route
- Location: Coastal
- Heating: Yes, Air Conditioning: Yes
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
917,000€
Final Payment of 90% on completion
8,280,000€
Property Purchase Expenses
Property price
9,200,000€
Transfer tax 10%
920,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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