Apartment for Sale – Las Petunias, San Pedro de Alcántara (Marbella)

Property description

A bright and spacious apartment located in the prestigious urbanisation Las Petunias, San Pedro de Alcántara – part of Marbella’s most sought-after coastal areas.

Built in 1985 and owned by the current family since 1990, the property has been lovingly maintained as a holiday home. It offers an unbeatable combination of location, lifestyle, and investment potential.

Location

• Exclusive setting in Residencial Castiglione, Las Petunias.
• Just 5 minutes to Puerto Banús and 10 minutes to Marbella town centre.
• Walking distance to Puerto Banús – only 2.5 km along the beachfront Paseo Marítimo.
• Málaga International Airport (AGP) just 40 minutes by car, perfect for international buyers.

Schools & Education

• Laude San Pedro International College (ages 1–18, bilingual & international curriculum) – nearby.
• Calpe School (British, ages 2–11) – in San Pedro itself.
• Several local Spanish public schools including María Teresa León, Guadaiza, and Fuente Nueva. A great option for families looking for either international or local education.

Dining & Lifestyle

• Stroll to beachfront chiringuitos, cafés, and restaurants.
• Local favourite: Trastienda Café Petunias for breakfast and brunch.
• Close to Centro Comercial Las Petunias, supermarkets, and everyday services.
• Vibrant mix of Spanish tapas bars, international cuisine, and luxury beach clubs.

Leisure & Beaches

• Beachside urbanisation with direct access to the coastal promenade.
• Perfect for morning walks, cycling, or sunset dining by the sea.
• A short drive to Puerto Banús marina for shopping, fine dining, and nightlife.

Distances

• Puerto Banús: 5 km / 5–10 minutes
• Walking distance to Puerto Banús – 2.5 km via the Paseo Marítimo
• Marbella centre: 10 km / ~15 minutes
• Estepona: 18 km / ~20 minutes
• Málaga Airport (AGP): 50–60 km / ~40 minutes

Property Features

• Built area: 118.40 m²
• Layout: kitchen, two bathrooms, spacious living-dining room, two bedrooms, and terrace
• Bedrooms with built-in wardrobes and a southwest-facing balcony
• Air conditioning installed
• Gated community with secure parking
• Well-maintained communal areas with a fenced swimming pool – safe and family-friendly

Costs & Legal

• Monthly community fee (incl. water): €225,40 (€676,20 Quarterly)
• Property Number: 4873
• Cadastral Reference: 3091101UF2339S0014GS
• Ownership shares in the complex: 1.96%

Tax Information (2025)

• IBI (Property Tax): €923,27
• Basura (Refuse Collection Fee): €92.68
• Cadastral Value: €142 042.17
• Reference Value: €398,485.09

Non-resident Income Tax (EU/EEA Owners)

• Tax Base (2% of Cadastral Value): €2 840.84
• Annual Non-resident Income Tax (19%): €539.76

Documents

Legal Documentation

1. Nota Simple – Available
2. Cadastre Data – Available
3. Escritura (Title Deed) – Available
4. Certificate of No Urban Planning Infringement – Applied for
5. Power of Attorney – Available
6. Owner Identification – Available

Tax Documentation

1. IBI 2025 (Property Tax Receipt) – Available
2. Basura 2025 (Refuse Collection Fee) – Available
3. Plusvalía Estimate – Available
4. Reference Value Certificate (Apartment) – Available

Energy Efficiency

1. Energy Performance Certificate –Available

Utilities

1. Electricity Bill – Available
2. Water – Included in the community fee

Community of Owners

1. Urbanisation Contact Details – Available
2. Community Fees Statement – Available
3. Community Certificate of Debt – Available
4. Latest Meeting Minutes – Available
5. Information on Short-Term Rental Licence Procedures & Community Restrictions (For tourist rentals to be approved, the property must be presented at the next residents’ meeting and be voted in favour of by 60% of the residents or 3/5ths)

Additional Documentation

1. Inventory List – In process
2. Application for Clarification Regarding Licencia de Primera Ocupación (First Occupancy Licence) not clear yet, waiting for reply from the town hall.
3. Cancellation of Mortgage Registration – In process

Sales Process & Transaction Details

1. Reservation Agreement

• Once the buyer decides to purchase, both parties sign a Reservation Contract.
• The buyer pays a reservation fee of €6,000, into the seller’s representative’s client account.
• Upon signing, the seller provides the buyer with all the necessary documentation for due diligence.

2. Private Purchase Contract

• After due diligence is completed and both parties agree on terms, they sign a Private Contract.
• At this stage, the buyer pays 10% of the purchase price, minus the previously paid reservation fee.
• This payment is deposited into the seller’s representative’s client account.

3. Signing the Public Deed

• The buyer’s legal representative arranges the Notary appointment and coordinates with the seller’s representative.
• The public deed of sale is signed before a Notary.
• Standard practice is payment by bank-certified cheque upon signing.

4. Costs & Responsibilities

• Buyer: pays all administrative costs related to the transfer of ownership (taxes, Notary, registry, etc.).
• Seller: pays the local Plusvalia tax.
• Real estate agent’s fee: normally deducted from the purchase price and paid by the buyer’s legal representative (noted in the deed).
• Legal fees: each party covers their own.
• Prorated costs: such as IBI and other prepaid expenses, are usually adjusted between buyer and seller at completion.

5. Post-Sale Obligations

• The buyer has 2 weeks to change utility contracts.
• The buyer registers the change of ownership in the Land Registry.

6. Current Registry Notations

• The property currently carries a mortgage notation, which is in the process of being cancelled.

Spanish Civil Code, Article 1454:
“If earnest money or a deposit has been provided in a contract of sale and purchase, the contract may be rescinded by the purchaser by forfeiting the deposit, or by the seller by refunding double the amount.”

Payments

• Purchase Price: €695,000.00
• Reservation Fee: €6,000.00
• 10% Deposit: €69,500.00 – €6,000.00 already paid = €63,500.00
• Final Payment: €625,500.00

Buyer Requirements

• NIE (Spanish Tax Identification Number for non-Spanish citizens): Required. Can be obtained by the buyer’s representative with a Power of Attorney.
• Digital Certificate: Strongly recommended for easier communication with Spanish tax authorities.
• Spanish Bank Account: Recommended for automatic payment of taxes and utilities.

Buyer’s Transaction Costs (Estimated)

• Purchase Price: €695,000.00
• Transfer Tax (7% ITP): €48,650.00
• Notary Fees (est.): €900.00
• Land Registry Fees (est.): €800.00
• Legal Administration Fees (est.): €3,000.00
• Total Transaction Costs: €53,350.00
• Overall Cost: €748,350.00
• Transaction Costs (% of Price): 7.68%

Mortgage & Valuation (Tasación)

• If financing is required, the buyer’s bank must commission an official property valuation by a licensed technical architect.
• Valuations are generally conservative (10–15% below market value).
• Banks usually lend up to 70% of the valuation.
• If the valuation is higher than the purchase price, the bank will use the lower figure.
• Valuation cost: approx. €400 for an apartment.
• Additional costs: Notary, Land Registry, Stamp Duty, and bank fees.

Transfer Tax (ITP) – Andalucía

Currently set at 7%, applied to the higher of the purchase price or the official “Valor de Referencia” of the property.

Detail

Features