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Villa for sale in Santa Cruz de Tenerife, Spain - photo 1
Villa for sale in Santa Cruz de Tenerife, Spain - photo 2
Villa for sale in Santa Cruz de Tenerife, Spain - photo 3
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Villa for sale in Santa Cruz de Tenerife, Spain - photo 8

Villa for sale in Santa Cruz de Tenerife, Spain

ID: 173233
Price€3,600,000
TypeVilla
Qualify for Residence Permit
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Hotel 2* - Santa Cruz de Tenerife

Environment
Ideally located near the yacht club and just on the edge of Tenerife main city, this hotel provides sleek design and elegance – a fantastic base from which to explore the island. From the hotel, take a stroll along the seafront promenade which takes you into Santa Cruz. Explore the city that is home of the Canary Islands’ parliament. You can visit the bizarre architectural triumph of the Tenerife Auditorium or stroll around the impressive botanical gardens. Take to the shops and make the most of the lively nightlife, including the popular carnival that transforms the city in February and March. Relax and unwind on the famous Teresitas Beach, 7 km away, while you enjoy the sunshine and a swim in the Atlantic Ocean.
Building
There are in total 40 rooms:Double: 36Individual: 42 storeys7 garages, storages and a shop with a license.Build: 1990 – Last reformation 2006There are no elevators in the Hotel therefore not suitable for disabled guests.Aire acondicionado en zonas comunes.24h reception.Free Wi-FiRestaurant conditioned.Conference room.Parking spacesRooms continue to play on the subtle maritime theme and feature bathrooms and cooling, tiled floors.Equipped with:- Bathroom with shower and hairdryer- Plasma TV- Mini Bar- Cafe- Terrace- Telephone- Air Conditioning

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%
Helga
Offices in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
Office in UK
London
+44-20-3936-4067
Office in Russia
Moscow
+7 (495) 240-81-87
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