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2 bed apartment for sale in Adeje, Spain, 118 m² - photo 1
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2 bed apartment for sale in Adeje, Spain, 118 m²

ID: 173124
Price€1,100,000
TypeApartment
Covered area118 m²
Beds2
Bath3
Rooms3
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Fabulous Penthouse - Baobab - El Duque

Environment
Spacious and modern penthouse with breathtaking views at El Duque´s newest five star design hotel-residence.
Building
This one of a kind penthouse has 2 bedrooms, 2 complete bathrooms and 2 terraces: one facing the beautiful bay of Costa Adeje and one to enjoy the sunset overlooking La Gomera. The price includes a jacuzzi on the terrace, a parking space in the garage and a private storage room.
Plot
The architecture has a modern, minimalist style and offers spectacular views from every point of the complex. The complex has a 24-hour reception, two swimming pools and a restaurant.
Extras
If you wish, the resort management will take care of renting your property and offers an extra profit on your investment.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
1 898 per month
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
  • Spain, AdejeSpain, Adeje
    Apartment €240,000
    • Covered area: 90 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Flat €169,000
    • Covered area: 53 m²
    • 3 rooms, 1 bath
  • Spain, AdejeSpain, Adeje
    Flat €545,000
    • Covered area: 172 m²
    • 4 rooms, 2 bath
Paula
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