Active ID: 103937457 Centro Tradicional

Flat / apartment for sale in gerona

4 Bed • 2 Bath • 135 m² • Floor 3

€565,000

AI Analyst
Long-term Rental

"Prime 4-bedroom apartment in Alicante’s exclusive La Rambla offers high ceilings, quality finishes, and immediate access to the city’s best retail and dining, making it a rare core asset in a supply-constrained central location."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and kitchen to maximize rental yield
Pros
  • Exceptional central location on La Rambla, Alicante
  • Spacious 135 m² layout with high ceilings and quality finishes
  • Strong rental demand in core city center
Cons
  • Gross yield (~3.5%) is below typical investor targets for Spain
  • No terrace or outdoor space, limiting appeal for some tenants
  • Potential for higher maintenance costs due to age and size
Description

This impressive apartment is highlighted for its location, dimention and comfort. It´s situated on one of the most exclusive streets of Alicante, La Rambla. This perfect location gives you the possibility to enjoy the best stores and terrace culture of the city without having to move about or drive around. The flat is well distributed, high ceilings and equipped with exceptional finish. The distribution consists of an entrance hall, salon with large windows, a magnificent kitchen, 4 bedrooms with 2 bathrooms. It is a suitable property for special tastes. Rambla Mendez Nuñez, is one of the main arteries in the centre of Alicante. Situated on this important street with stores, hotels, banks, restaurants, we have a great variety of lovely places to all directions, for example on one side walking towards “calle mayor” with stores and restaurants, leads to the cathedral and cityhall, and on the other side we find “el Portal de Elche” (main Plaza), calle San Francisco which takes us to the modern area.

Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €565,000
Taxes (ITP 10%) + €56,500
Notary Fees + €4,746
Registry Fees + €1,808
Gestoría Fees + €1,695
Valuation + Other + €339

Total Investment €630,088
Est. Monthly Rent €1,645/mo
Est. Annual Rent €19,740/yr

Est. Yield 3.13%
Days on Market
225
First seen
2025-10-08
View on Idealista