Active ID: 112012284 Centro Tradicional

Flat / apartment for sale in Avenida de la Constitución, 8

5 Bed • 5 Bath • 225 m² • Floor 6

€1,690,000

AI Analyst
Long-term Rental

"Prime penthouse in Alicante’s city center with expansive terrace, modern finishes, and panoramic views offers a rare blend of luxury, space, and location—ideal for discerning investors seeking premium urban assets."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Exceptional central location near cultural and commercial amenities
  • Large terrace and abundant natural light enhance tenant appeal
  • High-quality finishes and modern layout reduce immediate capex
Cons
  • Yield is low relative to price (estimated gross yield ~1.8%)
  • Luxury segment may face longer vacancy periods
  • Limited value-add opportunities due to turnkey condition
Description

Exclusive penthouse located on a quiet pedestrian street, in the heart of Alicante, with clear views of the Principal Theater and just a few meters from the Central Market. The home stands out for its large terrace, which integrates perfectly with the living room through large windows, providing excellent luminosity. It has a comfortable and functional layout, with spacious areas, a modern fully equipped kitchen, generously sized bedrooms, and an elegant master suite with an en-suite bathroom. Built with excellent qualities, it offers a perfect combination of contemporary design, comfort, and a privileged location, surrounded by all the services, shops, restaurants, and cultural offerings of the city.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Pool
Garden
Investment Summary
Purchase Price €1,690,000
Taxes (ITP 10%) + €169,000
Notary Fees + €14,196
Registry Fees + €5,408
Gestoría Fees + €5,070
Valuation + Other + €339

Total Investment €1,884,013
Est. Monthly Rent €2,550/mo
Est. Annual Rent €30,600/yr

Est. Yield 1.62%
Days on Market
0
First seen
2026-07-18
View on Idealista