9 am to 6 pm

Monday to Friday

Av Gabriel Roca 25 BJ

07014 Palma de Mallorca

+34 902 848 650

info@homesinmallorca.es

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Description

Apartment for sale in Palmanova Calvià Mallorca – Fractional

We source properties suitable for joint-ownership and ensure they are fully furnished and adequately equipped for holiday occupation on a turnkey basis.

Each property is then placed into an individual Spanish limited company and 4 shares are created. Those shares are sold individually, dividing the equity into fractions of 1/4 of the property’s actual value.

Each share entitles the owner to occupy their shared property for twelve weeks per annum, as per the syndicate agreement, with the remaining four weeks per annum allocated for use for any maintenance works.

Each owner/shareholder owns a 25% holding that company, which holds the property as its sole asset.

Each owner/shareholder has full proportionate ownership & shareholder rights under Spanish law.

Fractional Ownership has the advantage of:

• You can afford to buy a more luxurious property than you can afford outright.
• The property is taken care of by a professional management team. Giving you peace of mind and no responsibilities.
• Your share is an asset, which can appreciate in value.
• Share the maintenance and on going costs of something you only use part time.

For further information please contact us directly

  • Address: Calvià
  • City: Calvià, Palmanova
  • State/county: Mallorca
  • Neighborhood: Calvia
  • Country: United States

Detail

Updated on January 30, 2018 at 12:10 pm

  • Property ID: 29807
  • Price: €62,500
  • Bedrooms: 1
  • Bathrooms: 1
  • Property Type: Apartment
  • Property Status: For Sale, Fractional

Contact info

Paul Moyle
Paul Moyle
+34 902 848 650+34 634 299 625
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