Flat / apartment for sale in Centro Tradicional
4 Bed • 2 Bath • 200 m² • Floor 5
€1,100,000
AI Analyst
Long-term Rental"Prime 200 m² apartment on Alicante’s Explanada offers panoramic views, abundant natural light, and significant renovation potential in a highly sought-after central location, ideal for value-add investors seeking capital appreciation and strong rental demand."
Pros
- •Prestigious Explanada location with high demand and strong appreciation potential
- •Large 200 m² layout with terrace and panoramic views
- •Significant value-add opportunity through renovation
Cons
- •Requires substantial capital investment for full renovation
- •Current rental yield is modest relative to acquisition price
- •Potential competition from newer, turnkey properties in the area
Description
Discover this spacious apartment located on the fifth floor of Alicante's iconic Explanada, one of the city's most renowned and prestigious promenades. With a total of 200 m², this property offers a generous and versatile living space, ideal for those seeking to create a personalized home in a prime location. Large windows provide fantastic views of the Explanada and its characteristic palm-lined promenade, ensuring exceptional natural light throughout the day. The large living room, one of the property's highlights, stands out for its spaciousness and natural light. It's a perfect space to envision future inviting, modern, and well-integrated living areas after a personalized renovation. The kitchen, currently separate, also offers great potential to be transformed into a functional, spacious, and versatile area, either by maintaining its current style or completely reinventing it to suit the new owner's needs. The property features four generously sized bedrooms, offering multiple configurations to suit the lifestyle of each family or investor: private rooms, an study, a studio, or multifunctional spaces. It also includes two bathrooms and a lovely terrace, perfect for enjoying the fresh air, the Mediterranean climate, and the views that make this apartment truly special. Both the bedrooms and the other spaces require renovation, making this property an exceptional opportunity to design a home perfectly tailored to the buyer's tastes and needs. In addition to its great interior potential, the location is simply unbeatable. Living right on the Explanada means being just steps from the marina, the most iconic beaches, the shopping district, restaurants, cafes, museums, and all essential amenities. It's a vibrant, elegant, and highly sought-after area, ideal for both living and investing. The combination of spaciousness, views, natural light, and one of Alicante's most desirable addresses makes this apartment a unique opportunity on the market. For those seeking a charming project in an exceptional location with enormous potential for appreciation, this property represents a one of a kind opportunity to create a singular space full of personality in one of the most emblematic places in the city.