Active ID: 111376962 Centro Tradicional

Flat / apartment for sale in Med Pascual Perez

5 Bed • 2 Bath • 190 m² • Floor 7

€585,000

AI Analyst
Long-term Rental

"Spacious 190 m² penthouse in Alicante’s Centro-Tradicional offers rare five-bedroom layout, abundant natural light, and direct garage access—an ideal canvas for value-add renovation in a prime urban location."

Negotiation Leverage Balanced
Value Add Full interior renovation (kitchen, bathrooms, finishes) to modern standards
Pros
  • Prime city-center location with strong rental demand
  • Large floor area and five bedrooms—rare in urban apartments
  • Direct elevator and garage access enhance tenant appeal
Cons
  • Significant upfront renovation required to achieve market rents
  • High acquisition cost relative to current rental yield
  • Optional garage purchase increases total investment outlay
Description

Looking to live at the top of Alicante? This impressive penthouse combines a privileged location with hard-to-find spaciousness. With 190 m² built, this home stands out for its magnificent south-facing orientation, guaranteeing sun and natural light throughout the day. What makes this property special: - Unlimited space: 5 spacious bedrooms and a large kitchen. - Infinite potential: Ideal for those looking for a renovation project and to design the home of their dreams on an unbeatable foundation. - Total comfort: Includes a garage space for two cars in the same building. - Premium accessibility: Recently renovated entrance hall with a zero-level elevator, with direct access from the garage to the home. Located in the heart of the city, with all services, shops, and the charm of Alicante at your feet. Come and see the possibilities this unique space offers! Garage space for two cars optional for €45,000 - Property IBI €748/year. - Garage IBI €68/year. - Garbage tax €142/year - Property community: €245/quarter - Garage community: €71.49/quarter The indicated price does not include expenses: - Notary. - Registry. - Taxes. - Real estate agency fees 1% + VAT. - Utility changes.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €585,000
Taxes (ITP 10%) + €58,500
Notary Fees + €4,914
Registry Fees + €1,872
Gestoría Fees + €1,755
Valuation + Other + €339

Total Investment €652,380
Est. Monthly Rent €2,403/mo
Est. Annual Rent €28,836/yr

Est. Yield 4.42%
Days on Market
4
First seen
2026-05-10
View on Idealista