We present this apartment located on the second line of Avenida Papa Luna, next to the Hotel Palace, in one of the most sought-after areas of Peñíscola due to its proximity to the sea and its excellent access to services, restaurants and promenade areas.
The property is situated in a building with a lift and offers a comfortable layout that includes a living-dining room with access to the terrace, an independent kitchen, two bedrooms and a bathroom. The overall condition is good and habitable, although due to its age, a renovation or update is advisable to adapt it to current tastes and needs, significantly increasing its value.
One of its main advantages is that the price includes a private parking space within the building, something especially appreciated in this area. It also comes with two storage rooms located in the attic of the building, each approximately five square metres, which can be used for storage or converted into an auxiliary room, office or multipurpose space depending on needs.
The building does not offer extensive communal areas beyond the parking, resulting in a simple and functional community.
Because of its location, included extras and potential for improvement, it represents an excellent opportunity both as a second home by the coast and as an investment with strong appreciation potential.
Information on taxes and additional purchase costs
In compliance with the information obligations set out in Law 10/2025, of 28 December, on customer service and transparency, as well as with the applicable sector-specific regulations, it is hereby stated that the indicated price does not include the taxes and expenses inherent to the acquisition of the property, which shall be borne by the buyer and which, for guidance purposes, are as follows:
- Property Transfer Tax (ITP):
The tax rate in force in the Valencian Community shall apply (generally 10%, without prejudice to any reduced rates or tax relief that may apply depending on the buyer’s personal circumstances or the characteristics of the property). The tax shall be calculated on the Cadastral Reference Value or the purchase price, whichever is higher.
Notary fees shall be calculated in accordance with the official tariff regulated in Annex I of Royal Decree 1426/1989, of 17 November, approving the Notarial Fees Schedule.
Registration of the title at the Land Registry shall be charged in accordance with the official tariff established in Royal Decree 1427/1989, of 17 November, approving the Land Registrars’ Fees Schedule.
- Administrative Management Fees (Gestoría):
Should the buyer choose to appoint a professional or company to handle the administrative processing of the transaction, including tax settlement and registration at the Land Registry, the corresponding fees shall be freely agreed with the service provider, depending on the services effectively rendered.
- Seller’s Real Estate Agency Fees:
Included in the sale price.
- Buyer’s Real Estate Agency Fees:
Not charged.
For detailed and up-to-date information on the operation, applicable tax rates and possible tax relief related to the Property Transfer Tax in the Valencian Community, please consult the official website of the Valencian Tax Agency:
👉 https://atv.gva.es/es/itpajd