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2 bed townhouse for sale in Palm Mar, Arona, Spain, 85 m²

Covered area85 m²
Land area200 m²
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2 Bedroom Townhouse

For sale in exclusive this large duplex in the much sought after area of Palm mar in the south of Tenerife. The apartment has around 200 m2 built of which around 85 m2 are interior distributed in 2 floors and around 115 m2 are outside distributed in 2 terraces.
On the first floor we have access to a spacious living-dining room with a fully equipped open plan kitchen with washing machine, wine fridge and dishwasher. On this floor there is also a fully renovated bathroom. From the dining area one of the terraces of around 50 m2 with chill-out space and garden areas. On this terrace there is an awning that covers completely if you want to enjoy a refreshing drink or breakfast / lunch in the shade.
On the second floor we find a large master bedroom with fitted wardrobes, a second bedroom with space for two single beds and a bathroom also renovated. From the 2 rooms there are sea views.
The entrance to the house is through the second large terrace of around 70 m2 with chill-out area, dining table, solarium and barbecue. From this terrace you could install a spiral staircase directly to the roof where you could have a third outdoor area / solarium / adult area with fantastic panoramic views of the sea.
The complex has common areas with communal pool that is attached to the house. Feeling of having a private pool because of the situation and because it is always empty since the owners of the complex spend their time in their properties.
The price includes garage space and large storage room of around 8 m2.
It is sold fully furnished.
Community fees: €94 / month
I.B.I: €569 / year

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

Property Price
Rental Cost
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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