Active ID: 102430485 Centro Tradicional

Duplex for sale in Centro Tradicional

5 Bed • 5 Bath • 338 m² • Floor 3

€1,000,000

AI Analyst
Long-term Rental

"Prime 338 m² duplex in Alicante’s Centro Tradicional blends historic charm with modern finishes, offering flexible multi-unit potential and premium amenities, ideal for investors seeking a prestigious asset in a sought-after urban location."

Negotiation Leverage Balanced
Value Add Modernize kitchen and update bathrooms for higher rental yield
Pros
  • Prestigious central location with strong tenant demand
  • Flexible layout allows for multi-unit or coliving strategies
  • High-quality finishes and architectural character enhance appeal
Cons
  • High acquisition price limits yield (approx. 3.6% gross)
  • Potential need for modernization to maximize rental value
  • Luxury segment may face longer vacancy periods in downturns
Description

Exceptional home in the heart of Alicante, an example of the elegance and charm of the traditional Alicante style. With more than 300 m², this house reflects architectural beauty and attention to detail. Its imposing masonry facade radiates character. Inside, the high ceilings with exposed wooden beams provide spaciousness and warmth. The ground floor (182 m² approx. ) offers a large living-dining room of more than 40 m², an independent kitchen with a marble countertop, an adjacent dining room, a pantry, an ironing room, a bathroom, and a courtesy room. The master suite stands out, with a private bathroom and a terrace almost 10 m long with views of the interior patio. The upper floor (138 m² approx. ) is divided into two zones: a small apartment with a living room, bathroom, and bedroom; and two spacious bedrooms, each with an en-suite bathroom. The finishes include marble-clad bathrooms, solid wood floors in the common areas, and Merbau flooring in the bedrooms, as well as high-quality carpentry and glasswork. Each room has individual air conditioning via split units, ensuring maximum comfort all year round. More than a home, it is a reflection of the history and character of Alicante, where tradition and modernity meet to create a unique home.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,000,000
Taxes (ITP 10%) + €100,000
Notary Fees + €8,400
Registry Fees + €3,200
Gestoría Fees + €3,000
Valuation + Other + €339

Total Investment €1,114,939
Est. Monthly Rent €3,000/mo
Est. Annual Rent €36,000/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
146
First seen
2025-10-08
View on Idealista