10 bedroom Apartment for sale in Palma de Mallorca, Mallorca, Spain

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Ref: EFML7733S

Property marketed by España Dream Properties

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Three buildings for sale in the heart of Palma de Mallorca's historic centre, with a project for six luxury apartments with elevators.An investment opportunity in the very centre of Palma: three adjacent buildings located on a quiet street, just steps from Plaza Mayor and Plaza del Banc de l'Oli, and less than five minutes’ walk from Plaza España, three of the city's most iconic landmarks within the northern part of the El Casco Antiguo the historic centre of the city.The complete preliminary and final design plans are included, outlining the comprehensive renovation of the buildings to create six luxury apartments with elevators, totalling 585 m² of built area. The plans show the current state, layout, and future possibilities.Contact us for more information or to schedule a visit to these three buildings for sale in Palma de Mallorca.Palma de Mallorca is the capital of Mallorca and one of the most popular summer and winter short break destinations in Europe. The city is divided in to five districts, and also administers the island of Cabrera which is a marine reserve of international importance.

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Property Features

10+ bedrooms
7 bathrooms
604m² Build size
132m² Plot size
Utilities and Public services / Water / Electricity
Urban: Water Connection Available
Urban: Sewage Connection Available
Urban: Electrical Connection Available
Urban Views
Renovation Needed
Property Views
Property Location
Property Condition
historic area
Construction Licence Basic Proyecto Básico
Close to Shops
Close to Public Transport

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

195,700€

Final Payment of 90% on completion

1,788,300€

Property Purchase Expenses

Property price

1,987,000€

Transfer tax 10%

198,700€

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:

1,987,000€

Deposit:

€

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* 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

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

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%.