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3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 1
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 2
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 3
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3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 5
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 6
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 7
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 8
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 9
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 10
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 11
3 bed apartment for sale in Playa de las Americas, Spain, 349 m² - photo 12
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3 bed apartment for sale in Playa de las Americas, Spain, 349 m²

ID: 173134
Price€620,000
TypeApartment
Covered area349 m²
Beds3
Bath2
Rooms4
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3 Bed Penthouse - Villamar

Environment
The Penthouse is located in Puerto Colon area Costa Adeje, south of Tenerife. It is centrally located in Puerto Colon, only 10 metres from the beach, 20 minutes by car from Tenerife South Airport, 5 minutes walking distance from the commercial centre San Eugenio, with supermarket, shops, bars and restaurants .
Building
This is a nice penthouse, comprising out of 2 bathroom, 3 big double bedrooms with a 2 terraces (7.50m2 - 27.08m2), lovely living/ lounge area, open kitchen and a beautiful view over the sea and the mountains.
Plot
Interior is 157m2.Exterior is 7.50m2 + 27.08m2
Extras
The complex has 2 swimming pools (one for adults and 1 for children). There is also free parking inside the complex.

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%
Jane
Offices in Spain
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