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Casa Rosa, San Jose, Ibiza

€30,000 Per Week

PRCES FROM €30,000 per week (including a chef)

Luxury property located on mountain top in protected area 3 km from Ibiza and 7 min from the airport.

Breathtaking 180° panoramic view of the Ocean, the Old Town of Ibiza, Formentera and the Salines.

800 m2 house 7 bedrooms 7 bathrooms Pool & Pool house Barbecue Stone walls and fountains Playground for children Staff quarters

MAIN HOUSE GROUND FLOOR : Entrance patio with stonewalls and fountain Stunning entrance hall with 6 meter high ceiling Three living rooms opening upon the terrace all with a breathtaking panoramic view of the Ocean, the Old Town of Ibiza, the Salines and Formentera, with open fireplace, hi-fi (B&O throughout the house and the outside), flat screen television by satellite and DVD. Dining room with a table for 12 persons Kitchen with marble table tops and inox- professionally equipped - gas cooker, plancha, deep fryer, 2 big refrigerators, freezer, micro wave oven, ice cube machine, dishwasher etc. Office with fax and wireless (airport) high speed internet connection by satellite Guest toilette.

1st FLOOR : Mezzanine Master bedroom of 60 m2 with air-condition, 40 m2 bathroom, hi-fi (B&O), flat screen television and DVD, cupboards, safe, panoramic view of the Ocean, the Old Town, Formentera and the Salines and a 50 m2 private terrace with teak table, chairs and lounge chairs. One bedroom of 35 m2 with a double bed, air condition, bathroom and toilette, cupboards, safe and view of the Ocean, the Old Town, Formentera and the Salines, One bedroom of 35 m2 with a double bed, air condition, bathroom and toilette, cupboards, safe and view of the garden.

GUEST WING WITH 4 THEME DECORATED BEDROOMS Capri - 25 m2 bedroom with a double bed, air condition, cupboards, safe, bathroom and separate toilette, a separate 20 m2 living room also airconditioned with view of the Ocean, Old Town, Formentera and the Salines. Phuket - 35 m2 bedroom with a double bed, air condition, cupboards, safe and living room with view of the Ocean, Old Town, Formentera and the Salines. Seychelles - 35 m2 bedroomwith a double bed, air condition, cupboards, safe with view of the Ocean, Old Town, Formentera and the Salines. Fez - 35 m2 bedroomwith a double bed, air condition, cupboards, safe and living room with view of the Ocean, Old Town, Formentera and the Salines. Separate guest terrace with stone table and benches, teak lounge chairs and view of the Ocean, the Old Town, Formentera and the Salines.

LAUNDRY ROOM Air-conditioned laundry room with washing machine, dryer, iron, calenderer and toilet. Storage for sun beds

GARDEN Electric entrance gate - the property is entirely fenced in Illuminated garden at night with fruit trees and century old olive trees Herb garden Fountains with Japanese Koi fish 70 m2 children's sand playground partly covered with swings and toboggan Main terrace of 1200 m2 with: Black swimming pool (16 by 5 meters), 12 sun beds and tables in teak and umbrellas. Outdoor shower Pool house equipped with barbeque, authentic pizza oven, refrigerator, ice cube machine, coffee machine etc. Outside round stone table for 10 persons next to the kitchen. Professional rotisserie Outside round stone table for 14 persons next to the pool house. Corner with Asian style couches Thai house (Gazebo) Guest toilette Several fountains, the main fountain being 25 meters long

STAFF QUARTERS House for the staff of 80 m2 equipped and air-conditioned.

FACILITES - SERVICES Staff: 3 persons - two persons who takes care of the maintenance of the house and cooking 7 days a week 11 hours pr. day, and one person who takes care of the maintenance of the garden, the swimming pool, picking up of guests at the airport etc. (Extra hours (10 Euros/hour paid on a weekly basis) are to be arranged directly with the staff) Alarm with tele-surveillance Water included in the rental (Delivered by truck) Electricity included in the rental Telephone and fax to be settled in accordance with consumption specified by invoice High speed wireless (airport) internet connection by satellite included in the rental Transfer and reception upon arrival at the airport.

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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