Active
ID: 110133128
Casco Histórico
Flat / apartment for sale in Calle San Fernando
6 Bed • 6 Bath • 164 m² • Floor 3
€590,000
AI Analyst
Holiday Rental"Prime casco-historico location with pension license and 6 en-suite bedrooms offers strong potential for high-yield tourist or coliving operation, especially after a targeted renovation to modernize interiors and maximize occupancy."
Negotiation
Leverage
Balanced
Value Add
Full interior renovation to modern standards and optimized layout for short-term stays
Pros
- •Pension license allows legal short-term rentals, rare in historic centers
- •Large 164 m² footprint with 6 bedrooms and 6 bathrooms maximizes rental flexibility
- •Excellent location near Esplanade and City Hall, highly attractive to tourists
Cons
- •Significant upfront renovation required to achieve market rents
- •Potential regulatory changes affecting short-term rental licenses in historic areas
- •High initial capital outlay may compress yield until value-add is realized
Description
SUPER WELL LOCATED, next to the Esplanade and the City Hall, apartment ready for renovation, 6 bedrooms and 6 bathrooms with PENSION LICENSE. 164 m2, high yield for tourist management.
Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price
€590,000
+ Fees & Taxes
+ €67,953
Taxes (ITP 10%)
+ €59,000
Notary Fees
+ €4,956
Registry Fees
+ €1,888
Gestoría Fees
+ €1,770
Valuation + Other
+ €339
Total Investment
€657,953
Est. Monthly Rent
€2,519/mo
Est. Annual Rent
€30,231/yr
Est. Yield
4.59%
Low
(13 Comps)
Days on Market
78
First seen
2025-12-15