Active ID: 110092729 Centro Tradicional

Flat / apartment for sale in Paseo Esplanada d'Espanya

3 Bed • 3 Bath • 226 m² • Floor 3

€2,500,000

AI Analyst
Avoid

"Prime, fully renovated 226 m² apartment on Alicante’s iconic Explanada d’Espanya, offering luxury finishes, high ceilings, and sea proximity—an exclusive asset with strong lifestyle appeal but limited yield at current pricing."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Exceptional central location with sea views and proximity to amenities
  • High-end renovation with luxury materials and finishes
  • Spacious layout (226 m²) and abundant natural light
Cons
  • Estimated rental yield is extremely low (<1%), making it unattractive for income investors
  • High acquisition price limits upside potential and liquidity
  • Luxury segment in secondary Spanish cities can be illiquid and sensitive to market downturns
Description

Living in front of the Explanada de España is a privilege reserved for very few. This spectacular apartment combines the timeless charm of the center of Alicante with an interior design that dazzles with its elegance and personality. Just a step away from the sea, the port and the most renowned restaurants, it offers the most desirable location in the entire city. Renovated by renowned interior designers, each room exudes style and quality. Noble materials, ceilings of more than four meters and natural stone walls create a unique atmosphere: sophisticated, warm and with character. Natural light flows through large windows, flooding the main living room, while the kitchen, equipped with high-end appliances, invites you to enjoy both the routine and special moments. The house has three double bedrooms and three complete bathrooms, all designed with impeccable taste and top-level finishes. Every corner has been designed to convey comfort, harmony and beauty, achieving a perfect balance between avant-garde and Mediterranean spirit. A unique property in the heart of Alicante, ideal for those looking for more than just a house: a lifestyle where luxury is expressed in the details, the location and the feeling of belonging to one of the most emblematic places in the city.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €2,500,000
Taxes (ITP 10%) + €250,000
Notary Fees + €21,000
Registry Fees + €8,000
Gestoría Fees + €7,500
Valuation + Other + €339

Total Investment €2,786,839
Est. Monthly Rent €1,917/mo
Est. Annual Rent €23,000/yr

Est. Yield 0.83%
Days on Market
78
First seen
2025-12-15
View on Idealista