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  • Sant Llorenç des Cardassar Buy-to-let apartment 4,890,000 €
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№ 1,727,326
  1. Overseas property
  2. Spain
  3. Balearic Islands
  4. Majorca (Mallorca)
  5. Sant Llorenç des Cardassar
  6. Buy-to-let apartments
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Modern villa with a terrace and a pool, San Lorenzo, Spain

4,890,000 €
£4,242,000
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  • Land area
    20,000 m²
  • Bedrooms
    5
  • Bathrooms
    6
  • Yield
    6.0%
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Description
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Bedrooms
5
Bathrooms
6
Yield
6.0%
Location
Sant Llorenç des Cardassar

Newly built villa for rent.

Description

The house has decked sun terrace of 100 m² and a large swimming pool.

Facilities and equipment in the house
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  • Car parks

    Car parks

  • Swimming pool

    Swimming pool

Features
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  • Balcony or terrace

    Balcony or terrace

  • Mountain view

    Mountain view

The ground floor has a large open-plan reception room with a modern fireplace, which opens out to a terrace, and American style kitchen with a chef’s island and a breakfast bar.

There are four en-suite bedrooms and a guest toilet in the house.

The property offers a separate guest apartment with a double bedroom and a bathroom.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Infrastructure

The Las Dalias market is close by, and nearest beaches are Cala Mastella and Cala Lenya.

Financial performance

The yield of 6–8%.

Location and nearby infrastructure

San Lorenzo is situated centrally on the island, close to Santa Gertrudis and a 10 minute drive to San Carlos towards the North.

The airport is in 25 minutes away.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Spain.

You can see more buy-to-let apartments for sale in Sant Llorenç des Cardassar elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      FAQs
      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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