Ground Floor Apartment-Commercial Space in Charming Santa Catalina
€900,000
Spain
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis versatile ground floor apartment in Santa Catalina boasts high wooden beamed ceilings and a central cast iron column, ideal for both residential and commercial use. Located in the sought-after neighbourhood of Palma, it offers unique charm and character.
- city
- historic
- investment
- walkable
Highlights
- Prime location in Santa Catalina
- High 3.20m wooden beamed ceilings
- Historical character with cast iron column
- Can serve as both living and commercial space
- Charming neighbourhood atmosphere
Worth knowing
- Predominantly used as a commercial premise
- Ground floor location may lack privacy
Good fit for: Ideal for investors or those seeking a live-work space in a vibrant area.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 70
- Value
- 65
About this place
This ground floor is located in Prime location in the most charming neighbourhood of Palma , Santa Catalina . The property is a ground floor apartment legally but is used as comercial premise since many years . It has 3,20 high wooden beamed ceilings and a cast iron column in the middle . It’s 2 […]
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
