Active ID: 111903776 Centro Tradicional

Flat / apartment for sale in Centro Tradicional

4 Bed • 2 Bath • 133 m² • Floor 3

€599,000

AI Analyst
Long-term Rental

"Prime 4-bedroom apartment in Alicante’s Centro Tradicional, fully rented at €3,500/month (7% gross yield), offers immediate income and proximity to beach, theater, and all amenities. Modern finishes, elevator, and garage included."

Negotiation Leverage Balanced
Value Add Minor cosmetic upgrades post-lease to target premium tenants
Pros
  • Strong in-place rental yield (7%) with corporate tenant
  • Central location near beach, theater, and amenities
  • Modern finishes, elevator, and garage add tenant appeal
Cons
  • Current rent above market average, risk of re-letting at lower rate
  • Lease expires soon, potential vacancy risk
  • No terrace or outdoor space, limiting appeal to some tenants
Description

We present this apartment located on the strategic Rambla Méndez Núñez, situated in the heart of ALICANTE CENTER, very close to the Explanada, Postiguet beach, the Principal Theater, and the Central Market. It has a surface area of 133 m2, distributed into a living room, 4 bedrooms, 2 bathrooms, and an equipped kitchen. Excellent qualities with a security door, laminate flooring, aluminum exterior carpentry and wooden interior carpentry, built-in wardrobes, air conditioning. The building has an elevator and garage. Area equipped with all services such as supermarkets, shops, pharmacies, public transport, beach, etc. NOTE: The property is currently rented to a company for €3,500/month, yielding an annual return of 7%, making it an ideal product for investors due to its high profitability. The contract ends at the end of the year, but if the new owner wishes to continue with the current tenant, they would be willing to continue renting the property. The indicated price does not include the expenses and taxes inherent to the acquisition, which are detailed below: Transfer Tax (ITP): The tax rate in force in the Valencian Community will be applied (generally 9%), without prejudice to reduced rates of 8%, 6%, 4%, and 3% depending on the buyer's personal circumstances or those of the property. The tax is accrued on the Cadastral Reference Value or the sale price, whichever is higher. Notary Fees: Fees will be calculated according to the official tariff regulated in Annex/, of R. D. 1426/1989. Registry Fees: Registration will be invoiced according to the official tariff established in ANNEX/, of R. D. 1427/1989. Management Fees (Gestoría): Fees for administrative processing, tax settlement, and registration amount to between €300/400 (VAT included). Agency Fees: To be paid by the owner. For exhaustive information on tax rates and ITP benefits, you can consult the official portal of the Valencian Tax Agency: https: llatv. gva. esleslitpaid REAL ESTATE MANAGEMENT AND INVESTMENT PRODUCTS. YOUR TRUSTED REAL ESTATE AGENCY.

Features
Elevator
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €599,000
Taxes (ITP 10%) + €59,900
Notary Fees + €5,032
Registry Fees + €1,917
Gestoría Fees + €1,797
Valuation + Other + €339

Total Investment €667,984
Est. Monthly Rent €1,614/mo
Est. Annual Rent €19,364/yr

Est. Yield 2.9%
Days on Market
0
First seen
2026-07-08
View on Idealista