Active ID: 103796081 Casco Hist├│rico

Flat / apartment for sale in Casco Histórico-Santa Cruz

7 Bed • 3 Bath • 201 m² • Floor 4

€430,000

AI Analyst
Coliving

"Prime 201 m² apartment in Alicante’s historic center, offering flexible conversion potential for residential or commercial use, with strong transport links, castle views, and significant upside through renovation or repositioning."

Negotiation Leverage Balanced
Value Add Full residential conversion and modernization to maximize rental yield
Pros
  • Exceptional central location with high demand for both residential and commercial tenants
  • Large floor area (201 m²) allows for flexible layouts, ideal for coliving or office use
  • Strong transport connectivity and proximity to amenities, enhancing tenant appeal
Cons
  • Requires significant renovation to convert from current clinical use to residential or coliving
  • Building elevator access is currently suboptimal, pending future improvements
  • Single bathroom and toilet may limit immediate residential appeal without reconfiguration
Description

Welcome to the opportunity to own a dream home in the heart of Alicante! This spacious apartment is located on the city's most representative avenue, Rambla de Méndez Núñez, in an emblematic building from 1980. The home has been impeccably maintained and boasts an exquisite neighborhood, security and concierge service, and an environment with all services at your fingertips. The property's location is unbeatable, as it is situated at the beginning of the old town and has a nearby tram stop and bus lines. Additionally, the Central Market, supermarkets, and leisure venues are in close proximity. It also offers easy access to public parking. From the apartment, you can enjoy spectacular views of Santa Bárbara Castle due to its height. It also features a mechanical staircase that ascends from ground level to the elevator floor, and the future installation of an elevator from ground level is being considered. Currently, the property is configured as a surgical clinic center and includes a large entrance hall or reception, 7 rooms, 1 full bathroom, and a half-bath, a laboratory, and an office. It has centralized air conditioning (hot/cold), porcelain flooring, and central hot water. It's worth noting that the apartment has two doors (main and service). It requires renovation to be converted into a residential dwelling. Another option could be ideal for co-working, co-living, any business establishment, offices, etc. If you are looking for a rental, this property is also an option for you. Its rental price is €2,000, and solvency conditions are required for the rental. Inquire about other conditions. Don't miss the opportunity to live in a place with so much history and in an unbeatable location! This document is purely informative and not binding; contact us for more information!

Features
Elevator
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €430,000
Taxes (ITP 10%) + €43,000
Notary Fees + €3,612
Registry Fees + €1,376
Gestoría Fees + €1,290
Valuation + Other + €339

Total Investment €479,617
Est. Monthly Rent €4,148/mo
Est. Annual Rent €49,780/yr

Est. Yield 10.38%
Days on Market
225
First seen
2025-12-15
View on Idealista