Apartment for sale

Apartment for sale

Felanitx, Mallorca
332,550
 
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
  • Apartment for sale
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Ref: EFML5546Q
Property marketed by España Dream Properties España Dream Properties
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Double Studio apartments for sale in Portocolom, holiday rentals in a newly renovated resort.Two bright and spacious studio apartments located on the second floor each with a private terrace.Each with an open plan kitchen which accommodates dining for two, alongside a cozy lounge area equipped with a television and double doors leading to the private balcony or terrace, ideal for enjoying morning coffee or an evening glass of wine while overlooking the gardens and pool.All apartments are newly renovated and fully furnished, featuring full double glazing, air conditioning, and Wi-Fi.Both visitors and owners can take advantage of a variety of hotel amenities, including private parking, reception services, and housekeeping.There is also an onsite restaurant, bar, and mini market, along with sports and leisure facilities such as a large swimming pool, fitness suite, sauna, squash court, volleyball court, and pétanque court. An entertainment zone with a cinema, pool tables, and a coworking lounge is also available.This property serves as an ideal flexible personal holiday base in Mallorca, with the added benefit of strong holiday rental potential.Portocolom, being smaller than many resorts on the island, attracts a loyal community of returning visitors each year, ranging from young couples to families during the summer months. Older visitors come in spring and autumn, enjoying both the beach and the charm of the port, as well as exploring the local region known for its wine. The beaches are sheltered and picturesque, with crystal-clear waters. The resort's restaurants, cafes, and other amenities are all within walking distance and are rarely crowded, appealing to those seeking a more relaxed holiday focused on enjoying the sea and spending quality time with family and friends.For more information about this apartment for sale in Portocolom in Mallorca.Please contact us, we can organise a virtual viewing of the complex and individual properties and provide you with all the documentation describing the terms and conditions of both the freehold purchase of the property and the structure of the holiday rentals and their management that you require.All apartments are sold freehold, as tourism assets with in the licenced complex. This license signifies that the property meets the Balearic government's quality, safety, and infrastructure standards for short term holiday rentals within a hotel complex.They cannot be used as permanent residences, only for the purpose they have been licenced for.They do offer benefits other holiday rental licences in the Balearic Islands don’t.Licensed tourism assets in holiday complex’s: Can offer services and facilities which ETV licences are not permitted to do, from entertainment in the evening’s, to health spas and fitness facilities. Which makes them very attractive to holidaymakers who value the convenience of having everything provided for them.Legal and Secure Investment: This license allows the owner to legally rent out the property for tourism, avoiding legal uncertainties and profit from the rental income. Promoting and management of all the rentals within the complex is administered by the management company which owner has a legally binding agreement with.Profitable Returns: Properties with these licenses offer high potential returns from tourist rentals and long term appreciation.Market Exclusivity: The difficulty in obtaining new licenses makes properties with existing ones a rare and desirable resource in the market.

Property Features

  • 0 bedrooms
  • 2 bathrooms
  • 25m² Build size
  • 7,438m² Plot size
  • access to beach
  • Air conditioning
  • Balcony
  • Bathroom
  • close to the sea
  • coastal area
  • Community garden
  • Community swimming pool
  • Flooring
  • Fully Fitted Kitchen
  • Furnished
  • Garage and Parking
  • garden
  • Garden Views/ Pool Views
  • Heating and Cooling
  • Interior Features
  • Kitchen
  • Modern Interior
  • New Development Property
  • Off Road Parking

Costing Breakdown

Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
30,255€
Final Payment of 90% on completion
299,295€
 
Property Purchase Expenses
Property price
332,550€
Transfer tax 10%
33,255€
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.

Mortgage Calculator

Mortgage Amount:
332,550€
Deposit:
Interest Rate:
%
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Mortgage Result

* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

Spanish Property News & Updates by Spain Property Portal.com

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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Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.

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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.

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