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2 bed apartment for sale in Santiago del Teide, Spain, 362 m²

ID: 173119
Price€530,000
TypeApartment
Covered area362 m²
Beds2
Bath2
Rooms3
Qualify for Residence Permit
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2 Bed Luxury Penthouse - Los Gigantes - Gigansol del Mar

Environment
Los Gigantes is a district of the municipality of Santiago del Teide, located in the western part of Tenerife. Known as a tourist city, it is dominated by its cliffs, which provide the visitors from land and sea a spectacular view over the cliffs of Los Gigantes, falling up to 450 feet vertically into the ocean. Good access to the highway to/from Adeje, the village is provided with all necessary shopping and living facilities. Distance to the south airport aprox. 35 minutes, to Playa de las Américas aprox. 20 minutes by car. The nearby golf courses are located in aprox. 20 to 30 minutes distance from the village. Los Gigantes has more than three hundred sunshine days per year, and became a very popular holiday-resort in the western part of Tenerife.
Building
Gorgeous *top quality brand new penthouse* in the luxury complex in Los Gigantes. 101 m2 divided into a spacious living room, separate kitchen that opens up the the lounge, 2 double bedrooms, 2 bathrooms + toilet, and a laundry room. 23 m2 terrace that is oriented towards the ocean and the famous cliffs of Los Gigantes. On the upper floor there is a *private 137 m2 roof terrace* with lots of potential and panoramic views of the ocean, mountains and the neighboring islands. Sun all day long. Marble floors throughout, complete kitchen and bathrooms, air conditiner, electric shutters on all windows, built-in wardrobes, a safe. Comes with a garage and storage room. Complex with a large community pool, top of the range lifts and communal areas.
Plot
Total of 101m2, 23m2 terrace, and 137m2 roof terrace.
Extras
Laundry room, terrace, air conditioner, built in wardrobes, garage and storage rooms, community pool

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
915 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
0%
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