2 Bed Las Terrazas Apartment at Abama Resort
Abama Resort, Tenerife, Spain
Abama Resort, Tenerife, Spain
Abama Resort, Tenerife, Spain
A luxury 2 bedroom furnished, equipped and managed apartment in the heart of the 5* Abama Resort on the southwest coast of the island of Tenerife, with stunning golf and sea views towards the island of La Gomera.
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2 Bed | 2 Bath
EUR 1,150,000
Key Details
Abama Resort, Tenerife, Spain
A luxury 2 bedroom furnished, equipped and managed apartment in the heart of the 5* Abama Resort on the southwest coast of the island of Tenerife, with stunning golf and sea views towards the island of La Gomera.
This 2 bedroom ensuite (121.85 sqm built + 37.80 sqm of terrace), Las Terrazas apartment, enjoys hotel service and is managed and rented by Abama Resort, when not in use by its owner, providing hassle-free second home ownership, whether intended for personal use or as an investment, it is one of the best performing rental properties in Las Terrazas. The apartment comes with an open terrace overlooking one of the large communal swimming pools and with panoramic vistas of The Atlantic Ocean. The ethnic modern interior is designed to meld seamlessly into the natural environment, with the indoor/outdoor living concept at the heart of the design. Walnut furniture, marble tiles, and natural silk and linen fibres give the rustic colonial decoration a sense of warmth and durability.
Each of the Las Terrazas buildings, dotted around a hill overlooking La Gomera island, boasts a unique architectural style. Las Terrazas apartments provide owners and guests with spectacular ocean views, surrounded by subtropical gardens. There are five rows of 1, 2- and 3-bedroom apartment blocks within a central location between the first and second holes of the Dave Thomas golf course, just a short walk from the clubhouse.
Shared amenities include three swimming pools and a social club and Las Terrazas apartment owners also benefit from access to many of the luxury resort's world-class amenities with the Ritz Carlton Hotel offering over 13 restaurants including 2 with Michelin stars, a spa, award-winning Dave Thomas 18-hole golf course (one of the finest in Europe), Tennis Academy and white sand beach with Beach Club.
Abama Resort benefits from a remarkable subtropical micro-climate affording 3,000 hours of sunshine per year and an average annual temperature of 22 degrees.
Future developments for the prestigious resort include a further 9-hole golf course and second 5-star hotel.
Beyond the Abama resort, the island of Tenerife has much to offer from guided walks up the Teide Volcano – the highest peak in Spain – to whale and dolphin watching, windsurfing, paragliding and star gazing.
Abama Resort is easily accessible by road, only 20 minutes from Tenerife South Airport and one hour from Tenerife North Airport.
Read full detailsTenerife
Tenerife, the largest of the Spanish Canary Islands, is a four and a half hour flight from London on both scheduled and low-cost flights. Tenerife remains one of Northern Europe’s favourite winter escapes. It has Spain’s highest volcano, snow-capped Mount Teide, traditional Spanish towns in the north and theme parks and beaches in the south along with the ideal weather to enjoy them all. Year-round temperatures hover alluringly between 20 and 30°C.
The quieter north of the island has plenty of palm trees and banana groves and in recent years the island has worked hard to carefully landscape the main tourist centres. Kite surfers fill the skies at El Médano but away from the dark, rocky beaches it is increasingly golf that is the major draw with nine courses on the island.
Abama Golf & Spa Resort, one of the finest on the island and part of the five-star Ritz Carlton Hotel, is a hilltop course overlooking the sea thirty minutes from the international airport where past players include Bill Clinton.
The resort's Ritz-Carlton includes 13 restaurants including two with Michelin stars, an opulent spa, created by the design team behind Sanctuary Spa in London and Chiva Son in Thailand, and a fully-equipped gym with state-of-the-art equipment, personal trainers and a relaxing private spa-garden and café.
Other resort amenities include the tennis complex, golf course, beach access and dining facilities. Abama Resort is a 160 hectare estate designed by Chilean/Bolivian architect Melvin Vallaroel. Â
The Cost of Buying a Property in Tenerife
Before you purchase a property in Tenerife, it is important to know the costs involved with the purchase in addition to the price of the property.
Property Taxes and Fees in Tenerife:
On top of the asking price of the property in Tenerife, you will be required to pay taxes and legal fees for the purchase.
The general rule of thumb is that for property purchases in Tenerife you should allow an additional 10% of the property purchase price to cover the legal fees and purchase taxes etc. (this may be slightly more for lower value properties).
These will include:
Lawyers fees: For the conveyance, typically these are charged at 1% of purchase price + IGIC (VAT) at 6.5%. Usually lawyers will have a minimum fee however which is usually around €1,000-1,500 euros + IGIC.
The lawyer can also prepare a Power of Attorney for you (if required), the costs of this is typically between €150-€200 + IGIC at 6.5%.
Some lawyers may also offer a service to assist with the transfer of water, electricity & IBI (council tax) into the purchaser’s name. The costs for this varies but is usually around €250-€300 euros plus IGIC at 6.5%.
Land Registry search fees: These are usually approximately €30.00
Registration Fees:  Registration of property typically costs between €300-€900.
Spanish Notary Fees: Usually in the region of €700-€1,000.
Spanish Property Purchase Taxes: Transfer tax of 6.5% of the declared property value (or if the property is a new build, IGIC (VAT) is payable instead at 7% plus 1% stamp duty).
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