Active ID: 108348925 Centro Tradicional

Flat / apartment for sale in Calle Cándida Jimeno Gargallo

5 Bed • 3 Bath • 274 m² • Floor 1

€520,000

AI Analyst
Long-term Rental

"Spacious, never-inhabited 5-bedroom apartment in Alicante’s prime downtown, offering flexible use (residential or office), abundant natural light, and high-end finishes—ideal for value-driven investors seeking central location and versatility."

Negotiation Leverage Balanced
Value Add Potential to split into two units or convert to high-end offices for increased yield
Pros
  • Prime city center location with excellent transport links
  • Large, flexible floorplan suitable for division or office use
  • Brand-new, high-spec finishes and amenities
Cons
  • Gross yield is modest (~5.2% asking, ~4.2% net est.) for the price point
  • Large unit size may limit tenant pool and liquidity
  • Potentially high community fees and property taxes due to size and location
Description

EXCLUSIVE PROPERTY IN THE HEART OF ALICANTE aProperties presents this exclusive property located just steps from everything, in one of the most vibrant and well-connected areas of downtown Alicante. This spectacular 230 m² property stands out for its exceptional spaciousness and multiple usage possibilities, including the option to transform it into two spacious apartments or convert it into high-end offices. The residence, with one unit per floor, is fully exterior and oriented to the east and south, ensuring excellent natural light. It features top-quality finishes and a layout designed for maximum comfort. It includes 5 bedrooms, 3 full bathrooms, and an independent service area with a bedroom, bathroom, laundry room, and storage space. Among its standout features are a building with an elevator and access for people with reduced mobility, air conditioning, Climalit windows, and a reinforced door, marble floors and bathrooms, built-in wardrobes, a video intercom, a large storage room of over 25 m², and an exclusive-use patio. Additionally, it is a brand-new property, never inhabited. All of this is just steps from the TRAM, bus stops, supermarkets, banks, the best restaurants, and the city's most exclusive shops. Moreover, it is only a 10-minute walk to the beach and offers views of the Historic Old Town. A unique opportunity for those seeking space, elegance, and an unbeatable location in downtown Alicante. Contact us to see more similar properties. Nº AICAT: 8446.

Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €520,000
Taxes (ITP 10%) + €52,000
Notary Fees + €4,368
Registry Fees + €1,664
Gestoría Fees + €1,560
Valuation + Other + €339

Total Investment €579,931
Est. Monthly Rent €2,250/mo
Est. Annual Rent €27,000/yr

Est. Yield 4.66%
Days on Market
245
First seen
2025-10-08
View on Idealista