Penthouse in Marbella
Property Details
Description
Completely renovated duplex penthouse in Marbella’s Old Town, in the province of Málaga, Spain. Bedrooms: 1; Bathrooms: 1; Built: 52; Terrace: 11. The property is described as the only flat in the building, with no neighbours, and as suitable for owners with dogs.
The bright living and dining room has high ceilings and large windows, hot and cold air conditioning, and an electric fireplace with LED technology. The kitchen is fully fitted and equipped. The bedroom, full bathroom and private terrace are on the upper floor. The property is partly furnished, with wood flooring, central heating, a lift and a drinking water supply.
Everyday amenities are within walking distance, allowing daily errands without a vehicle. Marbella’s Old Town and its characteristic narrow streets are close by. The beaches and promenade are described as 12 minutes away, although the mode of transport is not specified. The original description states that the property has an active short-term rental licence.
Estimated costs payable by the buyer: the purchase is subject to Property Transfer Tax (ITP) under Law 5/2021 on Assigned Taxes, with a maximum standard rate of 7 per cent. The taxable base is the higher of the price stated in the deed and the cadastral reference value, under Article 10 of the Consolidated Text of the Law on Property Transfer Tax and Judicial Fees. Reduced rates may apply depending on the buyer’s personal circumstances.
Notarial deed and Land Registry registration costs are governed by the official fee schedules under Royal Decree 1426/1989 and Royal Decree 1427/1989 respectively. Indicative estimates are €500 to €2,000 for notarial fees and €250 to €1,500 for registration fees. If an administrative agency is engaged voluntarily, its fees are unregulated; the estimated cost is €300 to €500.
Municipal capital gains tax (IIVTNU) is payable by the seller under Article 104 of the TRLRHL. The seller is also responsible for the estate agent’s fees. The estimated total cost to the buyer is €437,800. This estimate is indicative and is provided in accordance with Article 20.1.c) of the TRLGDCU. The final amount will depend on the specific circumstances of the transaction and the buyer.