Building Plot for sale in Porreres, Mallorca

Unique development investment on country estate of 5 plots to build 5 luxury villas. Stunning country estate of 200.000 sq mtrs with permission to build 5 luxury villas 20 minutes from Palma airport and 10 minutes to Es Trencs beach.

Price 5.3 million euros plus IVA (VAT) for all five plots.

Sale proposal – exclusive luxury villas on rustic land with basic construction license.

Executive summary: We are pleased to present a unique investment opportunity consisting of five exclusive luxury villa and plots located in Polygon 10 of Porreres (Mallorca). Each property is set within the island’s idyllic rural landscape, offering absolute privacy, tranquility, and an authentic Mediterranean atmosphere, while remaining just a short drive from the island’s most desirable beaches and amenities. The villas are conceived for discerning clients who value space, serenity, and refined living. Every project includes the construction of a contemporary Mediterranean-style residence, each with its own private swimming pool, expansive gardens, and panoramic views of the Mallorcan countryside.

All plots are classified as rustic land, with favorable resolutions from the Regional Ministry and basic construction licences already granted, ensuring a smooth and secure development process. In particular, regarding parcel 193, the Town Hall has already granted full approval. The linkage of the land to the project is currently in process and will be formally registered within the coming week, allowing for the definitive building license to be obtained within a maximum of two weeks.

Rationale for the proposal: This proposal is presented with the understanding that the buyer will be responsible for developing the executive projects, for which they will have a period of six months from the date of obtaining the basic licence. Since the administrative steps are clearly defined, it is recommended to begin these works as soon as possible in order to expedite the process and optimize the construction timeline.

Technical availability: The architect who participated in the development of the licenses is available to the buyer for the preparation of the executive projects and for construction management, should the buyer not have their own architect on the island.

List of plots and individual valuation (Tax base, VAT not included):
• Parcel 192 – €1,250,000
• Parcel 193 – €1,250,000
• Parcel 194 – €1,250,000
• Parcel 52 – €750,000
• Parcel 191 – €750,000

Location: All plots are located in Polygon 10 of Porreres (Mallorca). Total value (tax base, VAT not included): €5,250,000. A 21% VAT will be added to all transactions.

Economic conditions:
• Purchase option: 10% of the total value = €525,000 (plus 21% VAT).
• Intermediary commission: 5% of the sale price = €262,500 (plus 21% VAT).

Deed conditions: Once the purchase option premium is paid, each plot will be deeded individually after obtaining its definitive construction licence. The buyer will have a maximum period of one week from the granting of each definitive license to formalize the corresponding deed.

Additional conditions: The transaction covers all plots as a single operation. The purchase option premium will be deducted from the price of the final license acquired, ensuring financial transparency and security for both parties. Upon execution of the deed for the first parcel, the amount corresponding to the purchase option premium will be transferred to the seller’s account.

Economic summary:
Parcel Tax Base (€) Total with 21% VAT (€)
192 1,250,000 1,512,500
193 1,250,000 1,512,500
194 1,250,000 1,512,500
52 750,000 907,500
191 750,000 907,500
Total transaction: Tax base €5,250,000 + VAT (21%) €1,102,500 = TOTAL €6,352,500
Purchase option (10%): Tax base €525,000 + VAT (21%) €110,250 = TOTAL €635,250
Intermediary commission (5%): Tax base €262,500 + VAT (21%) €55,125 = TOTAL €317,625