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10 bed villa for sale in Adeje, Spain, 11000 m² - photo 1
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10 bed villa for sale in Adeje, Spain, 11000 m²

ID: 173202
Price€2,950,000
TypeVilla
Covered area11000 m²
Beds10
Bath10
Rooms11
Qualify for Residence Permit
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10 Bed Villa Hotel + 10.600 m2 - Los Menores

Environment
This stunning 10 bed villa hotel is situated in Los Menores, Adeje.
Building
Enormous canarian *10.600 m2 estate* with a 2-storey main house, 2 bungalows, 2 apartments. Heated pool, lovely gardens, romantic pathways, two caves for massage and meditation. Office, garage and parking. Being only 5 min away from beaches and shopping of Las Americas, it is extremely peaceful and quiet! At the moment used as a Hotel Rural.In 1993 a german hotelier bought the finca which had been uninhabited for over 20 years. The former wine and banana plantation was refurbished to the original canarian style within eight years time, elaborately, with love in detail and empathy for the subject.A solid high wall surrounding the premises in the southern, western, and northern direction guarantees peace and tranquillity. The eastern boundary is set by a 12 meter deep accessible barranco (canyon) which is a natural reserve area. Gardens and terraces are leafy with fruit trees, and ornamental plants, tropic vegetation, blossoming flowers and green meadows.Re-establishment of the original canarian mansion and side buildings in its original style and painstaking general planning resulted in a multitude of cozy corners and locations inviting you to relax and ease off. There are many sunny and shady terraces, sunbathing areas and moony benches just waiting for you within this park of peacefulness. Situated 400 yards away from all main roads in tranquil and quiet surroundings with the environment necessary for true stress relief and relaxation. The paved access road ends at the Finca so there is no through traffic. At this location no construction site will disrupt the silence.The mansion and side buildings with pool and the natural reserve valley “Barranco” are now situated amongst Mexican pepper trees, blossoming bushes and lush meadows. The complete premises with its more than 8000 square meters has 6 accommodation units. The mansion, two bungalows, two apartments, the winter garden and a guest room.
Plot
10.600m2 + 10 bed villa

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
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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%
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    • Covered area: 53 m²
    • 3 rooms, 1 bath
  • Spain, AdejeSpain, Adeje
    Flat €590,000
    • Covered area: 172 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Townhouse €299,000
    • Covered area: 130 m²
    • 4 rooms, 2 bath
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