Active ID: 105906936 Centro Tradicional

Penthouse for sale in Rambla de Méndez Núñez

4 Bed • 2 Bath • 164 m² • Floor 7

€1,400,000

AI Analyst
Long-term Rental

"Unique bundled offering of a penthouse, apartment, and 9 garage spaces on Alicante’s prestigious Rambla de Méndez Núñez, featuring luxury finishes, panoramic views, and strong rental potential in a prime city-center location."

Negotiation Leverage Balanced
Value Add Optimize garage rental strategy and minor cosmetic updates
Pros
  • Prime city-center location with high demand
  • Multiple income streams: two large units plus 9 garages
  • Luxury finishes and modern amenities enhance tenant appeal
Cons
  • High entry price limits buyer pool
  • Potential vacancy risk if not managed professionally
  • Monthly rent yield is modest relative to capital outlay
Description

Lot for investors. A lot is for sale consisting of a penthouse, an apartment, and 9 garage spaces in a recently constructed building on the emblematic Rambla de Alicante street. - The penthouse has a usable area of 125 m2 and a ground-floor terrace of approximately 20 m2. It is distributed into a living room, 4 bedrooms, 2 bathrooms, and a kitchen with a utility room. The home is built with luxury finishes, including Italian marble flooring, aluminum exterior carpentry with double-glazed Climalit windows, oak interior carpentry, centralized hot/cold air conditioning with zone system, bathtub and hydromassage shower in the bathrooms, pre-installed for home automation, etc. From the large terrace, there are excellent views of Santa Barbara Castle as well as a large part of the city. - The apartment is a first floor in the same building and has a constructed area of 164 m2 and a usable area of 125 m2. It consists of a living room, 4 bedrooms, 2 bathrooms, and a kitchen with a utility room. The home has the same construction quality as the penthouse. - 9 garage spaces in the basement of the same building with an entrance from C/ Bailén. The combined price for all properties is €1,400, 000, which is below its market value. There is also an existing mortgage to which subrogation would be possible. Do not miss this investment opportunity on one of the city's main streets. Real estate management, investment products, and financing. Your trusted real estate agency.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,400,000
Taxes (ITP 10%) + €140,000
Notary Fees + €11,760
Registry Fees + €4,480
Gestoría Fees + €4,200
Valuation + Other + €339

Total Investment €1,560,779
Est. Monthly Rent €2,031/mo
Est. Annual Rent €24,369/yr

Est. Yield 1.56%
Days on Market
191
First seen
2025-10-08
View on Idealista