Active ID: 110152889 Centro Tradicional

Flat / apartment for sale in Calle Castaños, 9

2 Bed • 1 Bath • 90 m² • Floor 0

€235,000

AI Analyst
Long-term Rental

"Prime corner unit in Alicante’s Centro-Tradicional, currently an office, offers strong conversion potential to a 2-3 bedroom apartment just steps from Postiguet beach and major transit. Stately building with elevator and air conditioning."

Negotiation Leverage Balanced
Value Add Convert office to residential use; modernize interiors and add a second bathroom
Pros
  • Exceptional central location near beach and transit
  • Flexible layout allows for 2-3 bedrooms post-conversion
  • Stately building with elevator and security features
Cons
  • Requires full residential conversion and permitting
  • Mezzanine floor may limit natural light/views
  • No terrace or outdoor space, limiting appeal to some tenants
Description

Investment opportunity in one of the most sought-after streets in Alicante. Castaños Street, surrounded by all services, leisure, commerce, BUS, TRAM and just five minutes walking from Postiguet beach. Currently it is an office located in the corner of the mezzanine floor of a stately building, it has three bedrooms, a bathroom and a large hall area. Easily convertible to use for housing. Possibility of maintaining three or two bedrooms, living room and bathroom. Great investment opportunity! This apartment for sale is located on Castaños street, one of the most sought-after streets in Alicante. Located in an area surrounded by services, leisure and commerce, this property has excellent public transport connections, such as bus and TRAM. In addition, it is just 5 minutes from Postiguet beach. This corner office, located on the mezzanine floor of a stately building, offers multiple possibilities. With 3 bedrooms and 1 bathroom, it has a large hall area. It can be easily converted into a home, maintaining the distribution of the 3 bedrooms. and also, a large living room and 2 bathrooms. It has an elevator, air conditioning and security door. Its strategic location and characteristics make this apartment a unique option in the real estate market. Don't miss this opportunity to acquire a property with great potential in a privileged location!

Features
Elevator
Exterior
Investment Summary
Purchase Price €235,000
Taxes (ITP 10%) + €23,500
Notary Fees + €1,974
Registry Fees + €752
Gestoría Fees + €705
Valuation + Other + €339

Total Investment €262,270
Est. Monthly Rent €1,185/mo
Est. Annual Rent €14,216/yr

Est. Yield 5.42%
Days on Market
57
First seen
2026-01-05
View on Idealista