Active ID: 106658798 Casco Histórico

Flat / apartment for sale in Calle Pedro Sebastià, 15

4 Bed • 2 Bath • 133 m² • Floor 3

€565,000

AI Analyst
Long-term Rental

"Fully renovated 4-bedroom apartment in a historic modernist building in Alicante’s prime city center, offering high ceilings, panoramic views, and contemporary finishes—ideal for discerning tenants seeking architectural character and urban convenience."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime location in Alicante’s historic center with strong tenant demand
  • Completely renovated, minimizing immediate capex and vacancy risk
  • Architectural heritage status enhances long-term value and tenant appeal
Cons
  • Gross rental yield (~4.3%) is moderate for the price point
  • Heritage status may restrict future alterations or upgrades
  • Premium pricing limits upside for short-term resale or aggressive value-add strategies
Description

Modernist elegance on the Rambla Discover this magnificent home located in one of the most prestigious areas of Alicante, in a modernist building listed as architectural heritage. Designed in 1935 by renowned architect Miguel López, La Adriática stands out for its unique curved façade and modern lines, representing the transition to a new architectural era of the 20th century. Its location is unbeatable, offering privileged views of Rambla Méndez Núñez, next to the Explanada, and surrounded by the best services, shops, and restaurants in the traditional city center. The property, situated on the third floor, has been completely renovated, combining original features such as its 3.7-meter-high ceilings with modern and functional finishes. This home boasts spacious rooms designed to take full advantage of the natural light that floods every corner, offering a warm and inviting Mediterranean style that will captivate you from the first moment. Highlights include its bright living-dining room with panoramic views, a fully equipped kitchen with modern appliances, and contemporary bathrooms that bring comfort and style. Entrance Hall: Spacious and elegant, with large white wardrobes that make organization easy while adding functionality. Living-Dining Room: A wide and versatile space with views of the Rambla. It integrates dining and living areas, allowing you to create different atmospheres according to your needs. The open concept with the kitchen adds brightness and a sense of spaciousness, perfect for daily life and entertaining. Kitchen: Bright and spacious with a modern and functional design. It includes a cozy breakfast area and is equipped with high-quality appliances, such as induction cooktops, an oven, a washing machine, and a refrigerator. The ample countertop and optimized storage make this kitchen practical and comfortable for everyday use. Study/Office: Located next to the hall, it is perfect as an independent workspace or as an additional bedroom, offering privacy from the rest of the home. Bedroom 1: East-facing, with privileged views of the Rambla. Its large windows flood the space with natural light and provide access to a small balcony, creating a luminous and charming atmosphere. Bedroom 2: West-facing, with views of the inner courtyard. This double bedroom offers tranquility and features a built-in wardrobe with ample storage capacity, ideal for maximizing organization. Bedroom 3: A single bedroom also equipped with a built-in wardrobe, combining functionality and comfort. Bathroom 1: Modern and functional, featuring a spacious shower, toilet, bidet, and double sink, offering a practical and contemporary design. Bathroom 2: With a bathtub, perfect for moments of relaxation, complementing the home’s overall functionality. Live in a unique location in Alicante, where historic design and modernity come together to offer you the home you’ve always dreamed of. Don’t miss the opportunity to visit and fall in love with this spectacular space!

Features
Elevator
Terrace/Balcony
Exterior
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 €2,031/mo
Est. Annual Rent €24,375/yr

Est. Yield 3.87%
Days on Market
78
First seen
2025-12-15
View on Idealista