Menu

La Zagaleta Golf and Country Club, Benahavis, Spain

€6,250 Per Week

Occupying a plot of approximately 7500 m2, this traditional style home is located in the prestigious La Zagaleta Golf and Country Club which is complete with 2 Golf Courses, 2 Clubhouses with Restaurants, Equestrian Centre, Heliport, Tennis and 24 Hour Security.

The house was custom built by the owner and it comprises, on the main floor, a grand entrance hall with beamed ceiling, reception room with double-sided fireplace, formal dining room, an expansive terrace with additional sitting and dining areas, French oak custom made office/study, guest cloakroom, large kitchen with a centre island and breakfast area plus a separate pantry and utility/laundry room.

Additionally on the main floor are 2 en-suite guest bedrooms with built-in wardrobes as well as the staff quarters which are located next to the kitchen and have a separate entrance. A galleried staircase leads to the upper floor which is occupied by the master suite complete with a custom dressing room, a large bathroom with shower and bath and a very spacious terrace with breathtaking views over the mountains and valleys.

The lower floor of the property comprises a bar with billiards, cinema room, bodega, gym, sauna and steam room as well as 2 additional en-suite guest bedrooms with built-in wardrobes and direct access to the garden.

The property further benefits from under floor heating throughout, A/C, heated swimming pool, a landscaped garden, BBQ area with dining table, 4 car garage, carport plus driveway parking.

Plot: Approx. 7491 m2 Built: Approx. 1400 m2

BUYING IN SPAIN

As you would expect, Spain has a well-established mechanism for buying property.

  • If you’re an EU citizen, buying is straightforward. If you are not, check whether certain restrictions apply to you (such as the time you can spend in Spain).
  • All property transactions in Spain are overseen by a Notary. He/she is there to validate the paperwork, check all necessary taxes are paid and register the property with the Spanish Land Registry. However, it is not the Notary’s role to give you legal advice or represent you.
  • Appoint a fully independent lawyer who speaks your language as well as Spanish, and who has no connection to the selling parties. The local town hall, the nearest British Embassy or online research can help you find one. Your lawyer will check that you are buying from the legal owner; whether there are existing mortgages on the property; if it complies with building regulations; and if there are developments that might affect you.
COSTS

In addition to the purchase price, buyers should allow a further 10-15% for additional fees and taxes. These may include:

  • Your proportion of the Notary’s fees, according to a tariff set by law. Allow for a sum of 0.5% – 1% of the price declared in the deeds.
  • The fees of your ‘abogado’ (your own lawyer). These will depend on the complexity of the purchase, but €1500 - €3000 is a guide figure.
  • The Land Registry fee of around 1% of the sale value.

 

A local capital gains tax, reflecting the gain in value of the property when it is sold, is paid by the seller. However, if that seller is non-resident in Spain and fails to pay it, be aware that the burden can fall on you as the buyer.

ONGOING COSTS

Routine costs and charges of owning a property in Spain include:

  • A property ownership tax (the ImpuestoSobreBienesInmuebles (IBI)). This local tax is charged at between 0.4% and 1.1% of the valorcatastral. The good news is that this is based on the administrative value of the property, which is frequently lower than the market value.
  • A wealth tax. For non-residents, there is a tax to pay on assets you own in the country. This starts above a threshold of €700,000 per person.
  • Personal Income tax. If you’re a non-resident and you don’t receive rental or any other income in Spain, you pay one-quarter of the 2% of the valorcatastral. If you are a landlord, allow a tax bill of about 25% of the gross income.

If and when you come to sell, Capital Gains Tax (Impuesto de Plusvalia) will apply. At the time of writing, this stood at 19%.

Please note: This article reflects Aylesford’s current understanding of property legislation in Spain and the Balearic Islands. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

Brochure Lorem ipsum dolor sit amet, consectetur adipisicing elit. Numquam, itaque.
office contact

For further information or to book a viewing, please contact Charlie Parkin on

request a free valuation