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9 bed townhouse for sale in Granadilla de Abona, Spain, 20294 m² - photo 1
9 bed townhouse for sale in Granadilla de Abona, Spain, 20294 m² - photo 2
9 bed townhouse for sale in Granadilla de Abona, Spain, 20294 m² - photo 3
9 bed townhouse for sale in Granadilla de Abona, Spain, 20294 m² - photo 4

9 bed townhouse for sale in Granadilla de Abona, Spain, 20294 m²

ID: 172974
Price€1,500,000
TypeTownhouse
Covered area20294 m²
Beds9
Bath7
Rooms10
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Night Club Restaurant

Environment
The El Medano, is considered the best place to play sports such as windsurfing and kite surfing practice: it is held annually under the auspices of the World Cup PWA (Professional Windsurfing Association). There is an 18 hole golf course "Golf del Sur" is just five minutes drive from the center. Another advantage is the proximity to the Reina Sofia airport (Tenerife South Airport), which is only a short drive.
Building
On a finca of 20.000 m2 you can find this business fully operational. It consists of two houses, one of 184 m2 and another of 110 m2 plus a restaurant. A total of 9 bedrooms, 7 bathrooms, 3 kitchens, several multipurpose rooms, bar, terraces, gardens and 2 pools. The entire property is fully furnished and includes vehicles.

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%
Paula
Offices in Spain
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