Active ID: 100760973 Centro Tradicional

Flat / apartment for sale in Avenida de la Constitucion Nn

5 Bed • 2 Bath • 203 m² • Floor 3

€720,000

AI Analyst
Long-term Rental

"Prime 203 m² apartment in Alicante’s historic center, offering rare period features and direct views of Plaza del Teatro. Exceptional location near major amenities, ideal for high-end repositioning or luxury rental conversion."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern luxury standards while preserving period details
Pros
  • Outstanding central location with cultural and commercial amenities nearby
  • Large floorplan with high ceilings and original architectural features
  • Strong potential for value appreciation post-renovation
Cons
  • Significant upfront renovation costs required
  • Current rental yield is low relative to asking price
  • Potential for higher vacancy risk due to luxury segment targeting
Description

EXCLUSIVE HOUSING IN FRONT OF THE MAIN THEATER. In one of the most emblematic areas of Alicante in the traditional center, majestic home in an iconic building from 1950 with views of the Plaza del Teatro. Spectacular location in the heart of the city a few meters from the Central Market, Alfonso el Sabio and Rambla de Méndez Núñez. The best restaurants and shops in Alicante a few meters from the property. Explanada de España and Playa del Postiguet a 7-minute walk away. Property with a large entrance hall, consisting of 5 bedrooms, 2 bathrooms, living room of extraordinary dimensions, kitchen, pantry... to reform it to your liking and leave an exclusive home in an exclusive place and building. High period ceilings, hydraulic floors, wooden doors and much more original materials to be able to restore or reform them to each person's taste. NOTE: The information is shown for informational and purely commercial purposes, it may contain errors.

Features
Elevator
Exterior
Investment Summary
Purchase Price €720,000
Taxes (ITP 10%) + €72,000
Notary Fees + €6,048
Registry Fees + €2,304
Gestoría Fees + €2,160
Valuation + Other + €339

Total Investment €802,851
Est. Monthly Rent €2,414/mo
Est. Annual Rent €28,971/yr

Est. Yield 3.61%
Days on Market
146
First seen
2025-10-08
View on Idealista