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7 bed villa for sale in Adeje, Spain, 8500 m²

ID: 173442
Price€3,500,000
TypeVilla
Covered area8500 m²
Beds7
Bath6
Rooms8
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7 Bed Villa + 7.000 m2 - Los Menores

Environment
This villa enjoys a great privacy. Located in the Los Menores, in the municipality of Adeje where the climate is mild with spring temperatures throughout the year. It is a quiet area where you can find several residential villas with international owners.Very close to the house is the Golf Club Costa Adeje, renowned restaurants and shopping centers. Very good access from the main road by a private and paved road.
Building
Brand new and just finished wonderful property with excellent construction. It features 3 bedroom suites, 3 rooms, 2 royal suite. The spacious living room has stunning views across the South coast of Tenerife and the neighboring islands, kitchen, closed garage for 10 cars, infinity pool of 12x6 meters, terrace of 300 m2, garden on several levels and a source of 36 m2. The house has two entrances both with automatic doors.
Plot
The villa has been built on a plot of 7000 m2 in a natural environment and boasts 1500m2 of floor area. Well cared garden with several trees and tropical plants. Its large size makes the villa perfectly adaptable to a residential home or a tourism business.
Extras
Used high standing material during the construction. Air conditioning, solar panels, hot water, central vacuum and alarm system. Property with high potential.

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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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
Amina
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