Active ID: 111500461 Centro Tradicional

Flat / apartment for sale in Paseo Esplanada d'Espanya

5 Bed • 3 Bath • 180 m² • Floor 1

€1,100,000

AI Analyst
Long-term Rental

"Prime 180 m² full-floor apartment on Alicante’s Explanada d’Espanya, offering panoramic marina and sea views, triple orientation, and flexible layout for luxury living or dual-unit conversion in a landmark city-center location."

Negotiation Leverage Balanced
Value Add Modernize interiors and optimize layout for dual-unit or luxury rental appeal
Pros
  • Exceptional sea and marina views from all rooms
  • Flexible layout allows for single grand residence or two units
  • Prime city-center location with high rental demand
Cons
  • High price per square meter relative to local yields
  • Estimated gross yield (~2.6%) is below typical investor targets
  • Potential renovation costs to maximize rental or resale value
Description

Exclusive full floor for sale on the front line of the emblematic Explanada de España, with direct views of the marina and the Mediterranean Sea. The property has 180 m² built, and stands out for being 100% exterior, with facades on Explanada de España, Valdés street, and San Fernando street. This triple orientation guarantees natural light throughout the day and exceptional cross-ventilation, as well as a constant feeling of spaciousness and openness. Located on a high first floor within a building with a large commercial space and mezzanine, the home benefits from an elevated position relative to the promenade, achieving a clear and direct panoramic view of the sea and the port. Currently, the space is divided by light partition walls (easily reversible), which provides great flexibility of use. It is distributed into two units with independent accesses: - A home with a facade on Valdés street and San Fernando street. - A home with a facade on Explanada de España and Valdés street. At the registry level, the property is registered as a single residential unit, allowing for immediate unification without additional procedures, facilitating any renovation or redistribution project. Thanks to its current configuration, it offers enormous potential: it can be maintained as a grand stately residence, adapted as two independent homes, or even combine residential and professional use. A unique real estate gem due to its prime location, its condition as a fully exterior full floor, its sea views, and its extraordinary versatility, in one of Alicante's most sought-after and representative enclaves. ______ Come see it without obligation! _____ We are at Calle Arquitecto Morell 19, Local, 03003, in the same building as the Property Registry. At Núcleo agencies, we will carry out a free valuation of your apartment, house, or property, in line with the reality of the current real estate market. Núcleo's real estate advisors have extensive knowledge of the local market and its characteristics, which adds a plus of certainty to their valuations. The valuation of a property is presented in writing and includes a breakdown of all fiscal expenses associated with the sale. We have a financial service. Advantages for the buyer: We have professional financing services, loan and credit intermediation advisors from Núcleo. The buyer benefits from faster decision-making on mortgage approval, simplified documentation, more competitive financial products, and reduced ancillary costs. Furthermore, financial intermediation advisors offer personalized solutions for purchasing a home, for renovations, or for other specific financing needs. Advantages for the seller: Núcleo's extensive database of potential buyers helps to shorten property sales times. Additionally, the seller receives information on how much money a potential buyer is willing to pay for an apartment, house, or dwelling in the area where their property is located. If you have doubts about financing, our agents will get you the best market conditions. Completely free advice. 966274470.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,100,000
Taxes (ITP 10%) + €110,000
Notary Fees + €9,240
Registry Fees + €3,520
Gestoría Fees + €3,300
Valuation + Other + €339

Total Investment €1,226,399
Est. Monthly Rent €2,376/mo
Est. Annual Rent €28,508/yr

Est. Yield 2.32%
Days on Market
1
First seen
2026-05-19
View on Idealista