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, offering full renovation potential, high ceilings, and abundant natural light. Top-floor location ensures privacy, while proximity to the marina and city amenities enhances long-term value."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards, optimize layout, and upgrade terrace.
Pros
  • Prime central location near marina and amenities
  • Large, flexible floor plan with high ceilings
  • Significant value-add potential through renovation
Cons
  • Requires substantial capital expenditure for renovation
  • Uncertainty around renovation costs and permitting
  • Rental yield is moderate relative to acquisition and renovation costs
Description

This penthouse is a unique opportunity for those who want to create their ideal space from scratch. Being in need of a complete renovation, you can redesign the layout, make the most of the high ceilings and spaciousness, and fill every corner with natural light, exactly as you imagine it. The location makes all the difference: right opposite the Marina, a stone's throw from the Port and the Explanada. Restaurants, shops, and services are within easy 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 someone looking for their permanent home, it is the opportunity to choose every material and every detail in a setting that always retains its value and exclusivity. Nearly 200 m2 right in the center 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 city's most desirable spot, this penthouse is the perfect choice.

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
183
First seen
2026-02-25
View on Idealista