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Business for sale in Adeje, Spain

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El Mirador del Beril. Finest luxury shops for extraordinary people

SHOPPING CENTER "EL MIRADOR DEL BERIL"Costa Adeje, Tenerife, Islas Canarias. Brand new project , a unique design shopping center in the Playas del Duque area, one of the most exclusive spots in Costa Adeje.A pilgrim place for the most select shopping lovers.El Mirador del Beril, is a unique space for coquettish boutiques and delicious restaurantes in one of the most attractive environments and dream beaches of the South of Tenerife.Finest luxury shops for extraordinary people

Extra Сosts when Buying Property

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%
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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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

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Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
in Russia
+7 (495) 240-81-87
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