Active ID: 109215470 Centro Tradicional

Flat / apartment for sale in Avenida de Ramón y Cajal, 3

5 Bed • 3 Bath • 300 m² • Floor 8

€1,600,000

AI Analyst
Long-term Rental

"Prime 300m² seafront apartment in Alicante’s Centro-Tradicional, offering panoramic port views, expansive living spaces, and significant potential for luxury repositioning or high-end rental conversion."

Negotiation Leverage Balanced
Value Add Full interior modernization to luxury standard; potential to reconfigure layout for dual-unit rental or premium coliving.
Pros
  • Exceptional location with direct sea and port views in central Alicante.
  • Large 300m² floorplan with terrace and flexible layout options.
  • Elevator access and exterior orientation enhance desirability for premium tenants.
Cons
  • Requires substantial renovation to reach luxury rental or resale standards.
  • High acquisition price limits yield; rent-to-price ratio is modest for the area.
  • Potential oversupply of luxury units in central Alicante may impact absorption.
Description

Views, Light and Personality in front of the Sea On the eighth floor of one of Alicante's most privileged places, right across from the port and a step away from the Explanada de España, rises a home not measured only in square footage, but in possibilities. 300 square meters of light, spaciousness, and history. A space that once housed two homes and now merges into one, generous and full of character. Upon entering the door, the entrance hall opens like a silent prologue, anticipating the magnitude of the living-dining room that unfolds beyond. It's a space that breathes, inviting conversation, relaxation, and long afternoons by the sea. Two bedrooms overlook the main facade, one of them the master bedroom, with an en suite bathroom and dressing room, like an intimate refuge within the grand setting. From these spaces, the terrace becomes a natural extension: a balcony open to the port, where the blue of the sea blends with the rhythm of the city. The spacious and functional kitchen retains the charm of everyday life. Its office area invites leisurely breakfasts and spontaneous dinners. Beyond, four additional bedrooms, a study area, and two full bathrooms complete the setting, like chapters waiting to be written by whoever decides to make this place their home. The home is preserved with dignity, but its true beauty lies in what it can become. It is a blank canvas with a noble structure, ready to be transformed into the home of your dreams. A space where every corner can tell a new story.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,600,000
Taxes (ITP 10%) + €160,000
Notary Fees + €13,440
Registry Fees + €5,120
Gestoría Fees + €4,800
Valuation + Other + €339

Total Investment €1,783,699
Est. Monthly Rent €4,800/mo
Est. Annual Rent €57,600/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
146
First seen
2025-10-08
View on Idealista