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1 bed apartment for sale in Santa Cruz de Tenerife, Spain, 43 m²

Covered area43 m²
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1 Bedroom Apartment

Spectacular 1 bedroom apartment on top of one of the emblematic towers of Santa Cruz de Tenerife. From the 30th floor you can enjoy breathtaking views over the capital. The property has 51m2 and was built with materials of the highest quality, a reference of luxury in the city. Las Torres de Santa Cruz is a residential complex consisting of two twin towers that reach 120 meters in height, becoming the tallest skyscraper in the city. They are also the tallest twin towers in Spain. The ground floor is intended for commercial use, the first floor is reserved for offices and the rest of the building is made up of 32 floors with 272 homes, with 5 underground parking floors. The Towers are in the zone of the marine avenue. A place well adapted for people with reduced mobility, mobility facility. They are next to other buildings such as the Tenerife Auditorium, the International Fair and Congress Center, El Palmétum, the César Manrique Maritime Park, El Corte Ingles and the central bus and tram station. They have direct access to the TF-1 motorways in the south and TF-5 in the north. Perfect property as 1st or 2nd residence, ideal as an investment for luxury rental to businessmen, artists or tourists. The property is delivered fully furnished and includes a parking space.

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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Interest Rate
280 per month
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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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