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 architectural charm offer rare value, but full renovation is required to unlock its investment potential."
Pros
- •Exceptional location with direct cathedral views
- •Architectural features: high ceilings, balconies, historic charm
- •Flexible layout with 4 bedrooms and ample natural light
Cons
- •Requires complete renovation, increasing upfront capital
- •Rental yield is modest relative to acquisition and renovation costs
- •Potential restrictions due to historic building status
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.