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Hotel 729 м² in Sineu, Spain

2 430 647 $

3 334 $ /м²

4OVh8
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Area

729 м2

Bedrooms

9

Bathrooms

3

Sale of commercial property in Sineu, Spain

Sineu is a charming village in Majorca with a rich history and traditions. Its weekly market is one of the oldest and largest in Majorca, attracting visitors from all over the island. Here you can buy local products, crafts, and immerse yourself in the island's culture. If you find yourself in Majorca, Sineu is a place that is definitely worth visiting. The hotel we present here has its origins in an ancient estate that has been completely restored and transformed into a luxurious establishment. The hotel retains characteristic details of Majorcan culture, such as a spacious lobby, open wooden beams, stone walls (marés), wooden doors, and windows. The hotel consists of three floors. The first floor features three bedrooms with double beds and bathrooms, a hall, an elegant room with a staircase leading to the next floor, a living-dining room, a kitchen, a wine cellar with an impressive marés vault, and a charming courtyard of about 183 m2 with a pool, a garden, bicycle parking, and an additional bathroom. The second floor consists of six bedrooms with double beds and bathrooms, a hall, and a terrace with a patio and staircase to two of the bedrooms. The second and top floor has an open space under the roof with wooden beams that can be reserved for future expansions, with the possibility of adding 2-3 additional apartments. There is also a machinery room and access to a tower with views of Pla-de-Majorca.

Additional details

Property type

Commercial

Object type

Hotel

Price

2 430 647 $

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Sineu; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Sineu short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (2 430 647 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Sineu: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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