Active ID: 109983642 Centro Tradicional

Penthouse for sale in Plaza de los Luceros, 3

4 Bed • 2 Bath • 157 m² • Floor 10

€795,000

AI Analyst
Long-term Rental

"Prime penthouse in Alicante’s Plaza de los Luceros offers 157 m² of renovation potential, panoramic terrace views, and rare central location—ideal for value-add investors seeking premium urban assets."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, optimize open-plan layout, upgrade bathrooms and kitchen, enhance terrace usability.
Pros
  • Exceptional central location with strong tenant demand and capital appreciation potential.
  • Large terrace with panoramic views, rare in city center properties.
  • Building with elevator, concierge, and accessibility features.
Cons
  • Significant upfront renovation costs required to achieve market rents.
  • Gross yield (~2.8%) is below typical investor targets for the area.
  • Parking not included in price; additional €39,000 required for nearby space.
Description

You’ll be pleased to know that this is a 157 m2 penthouse to renovate, located on the top floor of a building with an elevator, constructed in 1967 and situated at Plaza de los Luceros nº 15, in the very heart of Alicante. Currently, the property is distributed as follows: an entrance hall leading to a living-dining room with a terrace and views over Plaza de los Luceros; an independent kitchen with a utility gallery opening to an interior courtyard; a single service bedroom and a bathroom. There are three double bedrooms with built-in wardrobes, one of which has direct access to the terrace ( 20 m2), and one bathroom with a shower. The building features a spacious entrance hall with accessible entry (PMP), two elevators serving the residential floors, and only two apartments per floor. It also offers a concierge service available both in the morning and in the afternoon. The apartment offers fantastic possibilities, and we have a renovation proposal designed by the architecture studio Volta, which recovers the terrace to make the most of the views and natural light throughout the day. The project envisions an open and fluid layout, where spaces connect harmoniously to enhance both the sense of spaciousness and the feeling of home. The kitchen is integrated into the living area, creating a functional and contemporary atmosphere — perfect for enjoying everyday life. From this space, you can admire the views over Plaza de los Luceros and, in the distance, the sea. Located right in front of the iconic Plaza de los Luceros in Alicante, this home enjoys a privileged location, surrounded by a wide range of dining and leisure options. It also offers excellent transport connections, with the Renfe train station just a few minutes’ walk away and all essential services close at hand. Additionally, a parking space is available for sale in the Marvá garage building for an extra €39,000 — a highly convenient option just a few steps away from the property.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €795,000
Taxes (ITP 10%) + €79,500
Notary Fees + €6,678
Registry Fees + €2,544
Gestoría Fees + €2,385
Valuation + Other + €339

Total Investment €886,446
Est. Monthly Rent €1,866/mo
Est. Annual Rent €22,387/yr

Est. Yield 2.53%
Days on Market
96
First seen
2025-11-27
View on Idealista