Active ID: 110678851 Centro Tradicional

Flat / apartment for sale in Avenida Alfonso El Sabio

5 Bed • 2 Bath • 122 m² • Floor 1

€340,000

AI Analyst
Long-term Rental

"Prime 122 m² apartment in Alicante’s Centro-Tradicional, offering strong value-add potential through renovation or duplex conversion, with excellent views and location near the Central Market and Rambla."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards; potential duplex creation by acquiring adjacent office space.
Pros
  • Outstanding central location with high rental demand potential.
  • Flexible layout and possibility to expand into a duplex.
  • Building features elevator and concierge, enhancing tenant appeal.
Cons
  • Requires significant renovation to maximize value and rental yield.
  • No terrace or outdoor space, which may limit premium rental pricing.
  • Potentially higher acquisition cost if duplex option is pursued.
Description

Apartment in a magnificent location on Alfonso El Sabio Avenue, with views of the Central Market and the beginning of the Rambla, emblematic building with elevator and concierge. The apartment has been used by rooms and has many possibilities for renovation or investment. The offices on the floor just below (from the same owner) are also for sale, so a duplex could be made, ask us for the price and let's negotiate. It is a unique opportunity in Alicante.

Features
Elevator
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €340,000
Taxes (ITP 10%) + €34,000
Notary Fees + €2,856
Registry Fees + €1,088
Gestoría Fees + €1,020
Valuation + Other + €339

Total Investment €379,303
Est. Monthly Rent €1,564/mo
Est. Annual Rent €18,763/yr

Est. Yield 4.95%
Days on Market
6
First seen
2026-02-25
View on Idealista