Flat / apartment for sale in Plaza del Abad Penalva, 1
4 Bed • 2 Bath • 160 m² • Floor 1
€890,000
AI Analyst
Long-term Rental"Prime 160 m² corner apartment in Alicante’s historic center, facing San Nicolás Cathedral. High ceilings, multiple balconies, and abundant natural light offer rare architectural character, but the property requires a full renovation to unlock its full value."
Pros
- •Exceptional location in historic city center with landmark views
- •Large, bright corner unit with high ceilings and multiple balconies
- •Significant potential for value creation through renovation
Cons
- •Requires complete renovation, increasing upfront capital outlay
- •Rental yield is low relative to acquisition and renovation costs
- •Historic building may have restrictions or higher maintenance costs
Description
Authentic unique piece in the heart of Plaza Abad Penalva, directly opposite the emblematic San Nicolás Cathedral. An unrepeatable property located in a historic building of great architectural beauty, which preserves the charm and essence of the most stately Alicante. The home, with 160 m² built, is a corner property and enjoys exceptional brightness, as well as several balconies with direct views of the square, allowing you to live the privilege of a monumental environment every day. Its very high ceilings provide spaciousness, character, and a presence difficult to find in today's market. It currently has 4 bedrooms and 2 bathrooms, offering multiple redistribution possibilities. It requires a complete renovation, making it an extraordinary opportunity to design a truly exclusive residence, combining historic architecture with a high-level contemporary interior. A property for those who know how to recognize the value of the unique and wish to create something truly special in one of the most representative and sought-after locations in the city center.