Active ID: 110560126 Mercado

Flat / apartment for sale in CL Pablo Iglesias

3 Bed • 3 Bath • 179 m² • Floor 4

€660,000

AI Analyst
Long-term Rental

"Elegant, stately 179 m² apartment in Alicante’s prime Mercado area, featuring three en-suite bedrooms, high ceilings, marble floors, balconies, garage, and storage—offering rare historic charm, modern finishes, and proximity to the beach and city amenities."

Negotiation Leverage Balanced
Value Add Minor cosmetic upgrades or kitchen modernization for premium positioning
Pros
  • Prime central location near beach and amenities
  • Spacious, well-separated layout with high-end finishes
  • Includes garage and two storage rooms—rare in this area
Cons
  • Low gross rental yield (~2.9%) limits cash flow potential
  • Historic building may entail higher maintenance costs
  • Premium price point narrows target tenant pool
Description

Large stately home with garage and storage rooms next to Alfonso El Sabio, 5 minutes from the beach Exclusive large home, located next to Alfonso El Sabio, in a stately and historic building in Alicante. A unique property that combines elegance, spaciousness, height, and tranquility, in impeccable condition, practically brand new. The home features three large en-suite bedrooms, with the master suite being of presidential character, equivalent in size to three standard rooms. This suite has a private bathroom, a large wardrobe area, and a separate office space, easily convertible into a large walk-in closet. It also has two full bathrooms and a guest toilet. The bathrooms are designed in a modern and elegant style, with light tones, matte black fixtures and fittings, and new designer bathroom furniture, creating a sophisticated and timeless atmosphere. The entire home has a distinct stately character, with elegant white marble floors in all rooms, including the fireplace in the spacious living room, which becomes one of the main features of the house. The ceiling height and the construction quality, typical of historic buildings in Alicante, provide a sense of spaciousness and distinction that is hard to find. The living room has two beautiful balconies, which retain their original terracotta flooring, adding charm and authenticity, as well as excellent natural light throughout the day. The layout is ideal: upon entering the home, to the right is the living and dining area, along with a guest toilet, perfectly separated and away from the kitchen. The kitchen is independent, with its own window to a light well, a bar area ideal for breakfast or coffee, and a large pantry, perfect for storing non-perishable or heavier items. In the other wing of the home is the sleeping area, completely separate from the social area, ensuring silence and comfort. Thanks to this layout, even during events like the Hogueras de Alicante, the home maintains absolute tranquility, being perfectly habitable all year round. All rooms and spaces are ventilated and illuminated through light wells, ensuring natural ventilation and constant brightness. In terms of services and surroundings, the home is in an absolutely privileged location. A few steps away is the Central Market, ideal for daily shopping of fresh, quality produce. Also nearby are theaters, museums, and cultural spaces, perfect for enjoying the city's cultural and artistic offerings throughout the year. Furthermore, the beach is only a five-minute walk away, allowing you to enjoy the sea and the promenade without needing to use a vehicle. The property includes its own medium-sized garage space, with a ramp and direct elevator access to the home, an exceptional added value in this area. It also has two storage rooms, one large and one smaller, with the possibility of incorporating the latter into the home next to the garage. A bright home, with height, natural sunlight throughout the day, and a perfect combination of location, spaciousness, tranquility, and exclusivity. Decorated in an elegant and timeless style, so well-maintained it looks brand new, having been used very little. For more information or to arrange a viewing, Ana Lozano – YER REALTY I am at your disposal to accompany you on a visit to your future home or to answer any questions you may have.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €660,000
Taxes (ITP 10%) + €66,000
Notary Fees + €5,544
Registry Fees + €2,112
Gestoría Fees + €1,980
Valuation + Other + €339

Total Investment €735,975
Est. Monthly Rent €1,592/mo
Est. Annual Rent €19,106/yr

Est. Yield 2.6%
Days on Market
24
First seen
2026-02-07
View on Idealista