Active ID: 110732035 Centro Tradicional

Penthouse for sale in Calle San Fernando

4 Bed • 2 Bath • 196 m² • Floor 4

€650,000

AI Analyst
Long-term Rental

"Spacious 196 m² penthouse in Alicante’s prime centro-tradicional area, ready for full renovation. High ceilings, abundant natural light, and a terrace overlooking the Marina Deportiva offer significant upside for value creation and long-term capital appreciation."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, optimize layout, and upgrade terrace for premium rental or resale value.
Pros
  • Prime location near marina, port, and Explanada
  • Large, flexible floor plan with high ceilings and terrace
  • Strong potential for capital appreciation post-renovation
Cons
  • Requires significant upfront renovation investment
  • Uncertainty around renovation costs and permitting
  • Rental yield may be moderate relative to total investment
Description

This penthouse is a unique opportunity for those who want to create their ideal space from scratch. Being completely ready for renovation, you can redesign the layout, take advantage of the high ceilings and spaciousness, and fill every corner with natural light, exactly as you imagine. The location makes the difference: facing the Marina Deportiva, a stone's throw from the Port and the Explanada. Restaurants, shops, and services are within reach, while living on the top floor offers you independence and tranquility. For an investor, it is a property with great potential for revaluation in a highly sought-after area. For those looking for their forever home, it is the opportunity to choose every material and every detail in an environment that always maintains its value and exclusivity. Almost 200 m2 in the heart of Alicante with these design possibilities are not easily found. If you want a project where you have total control over the outcome and want to live in the most sought-after spot in the city, this penthouse is the perfect option.

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €650,000
Taxes (ITP 10%) + €65,000
Notary Fees + €5,460
Registry Fees + €2,080
Gestoría Fees + €1,950
Valuation + Other + €339

Total Investment €724,829
Est. Monthly Rent €2,431/mo
Est. Annual Rent €29,169/yr

Est. Yield 4.02%
Days on Market
51
First seen
2026-02-25
View on Idealista