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Villa Sublime, Cala Salada, Ibiza

€21,600 Per Week

Designed by one of the leading contemporary architects, Bruno Erpicum, presenting iconic pieces of furniture as-well as a stunning contemporary art collection; Villa Sublime is without a doubt one of the most stylish properties on the island.

Located on a hill on the west coast of the island and surrounded by pine and olive trees, Villa Sublime works in harmony with the adjacent forest to create a Zen paradise. The villa also offers stunning views over the S’Epartas island and the dramatic sunsets with the sun dropping down in the sea literally right in front of the villa. Villa Sublime is located just 15 minutes from Ibiza Town and the nearest beaches are 5 minutes’ drive away, with the idyllic and wild coves of Punta Galera and Cala Salada accessible within walking distance from the villas, less than 800 meters away.

Main house Villa Sublime has been designed to allow plenty of social space with the main part of the house having a semi-open plan allowing a natural flow between the living, dining and kitchen area. There is also a further double height living area down a flight of steps from the main living space with stylish sofas and flatscreen TV. Superb attention to detail is evident through-out the villa and the walls feature contemporary artworks including a striking triptych by renowned French artist Francoise Nielly. On the ground floor there is also a study with a private balcony. The large master suite (55m2) is located on the first floor and consists of a large bedroom with a king-size bed, reading/living room, large bathroom with separate shower, double sink, and two terraces (one of 116 m2 and one of 10m2). There is also a junior suite (40m2) located on the first floor with a large bathroom and a stunning terrace with views over the pool and sea beyond. One further double bedroom (30 m2) is located on the first floor with a king-size bed and spectacular ensuite shower room. On the ground floor there are 4 further bedrooms (3 doubles and 1 twin/double) all with bath or shower rooms and private terraces. All of the bedrooms have air-conditioning, a mini-bar, internet access and a safe.

Outdoor area Villa Sublime is cleverly designed to follow the contours of the site it is built on; allowing for a number of private terraces off the ground floor bedrooms and living areas. The pool terrace is truly magnificent with a large de-chlorinated swimming pool. The large garden surrounded by pine, olive and orange trees also provides the perfect place for relaxation and lounging whilst enjoying the beautiful views.

Facilities - 7 bedrooms (6 doubles, 1 double/twin) - 3 Suites and 4 bedrooms - 9 bathrooms - Pool 17x5m, without chlorine (salt electrolysis treatment) - Fitness room with PowerPlate - Technogym UNICA equipment - Jacuzzi 6 persons - Hammam 8 persons - Solarium - Chill out area - Internet adsl wifi - Flat screen - French, Spanish, CNN and BBC broadcast - Nespresso coffee machine - 2 fridges - 2 dishwashers - Wine cave - Parking for 8 cars - Royal Botania sun loungers - Individual safes - Bikes available - Study

Prices inclusive of Daily housekeeping Two massages per booking Fresh Flowers All bed-linen & towels Our bespoke concierge services Pre-planning of your stay Dedicated staff on the island to ensure a perfect holiday

Please note this villa only accept bookings of 2 weeks or more between mid-July and mid-August

Extra services Extra housekeeping Private Chefs Stocking of fridge Massages Yoga Personal trainer Childcare and nanny services Driving services & airport transfers Car rental Yacht charters

BUYING IN THE BALEARICS

As you would expect, the islands come under the same broad scope of law as Spain when it comes to buying property on the islands.

However , the Balearic Government also has its own authority, including making policy decisions over issues such as tourist taxes and the licensing regime governing areas including holiday lets.

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 the Balearic Islands 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.

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