Active ID: 112021538 Centro Tradicional

Flat / apartment for sale in Calle San Fernando

1 Bed • 206 m² • Floor 4

€650,000

AI Analyst
Long-term Rental

"Exceptional 206 m² open-plan apartment in Alicante’s historic center, offering rare architectural features, high ceilings, and abundant natural light—an ideal blank canvas for luxury customization in a prime urban location."

Negotiation Leverage Balanced
Value Add Full interior fit-out to create modern, high-end residential units; potential to add bedrooms and premium finishes.
Pros
  • Prime location in Alicante’s traditional center with strong demand for quality rentals.
  • Unique architectural features (high ceilings, large windows) enhance value and appeal.
  • Elevator and accessible entrance increase marketability to a wider tenant base.
Cons
  • Significant capital expenditure required for interior build-out and modernization.
  • Single-room open-plan layout currently limits immediate rental income.
  • Potential regulatory or heritage restrictions on renovations due to building’s historic status.
Description

A space with history to create a unique home in the heart of traditional Alicante. Some homes are visited. Others inspire. This is one of them. In the **traditional center of Alicante**, surrounded by historic buildings, charming streets, shops, restaurants, and all the life of the city, lies this extraordinary property of **206 m2 built**, completely open-plan and ready to become the home you've always dreamed of. Located in an **emblematic building from 1890**, this property preserves the essence of late 19th-century stately architecture. Its **high ceilings**, spectacular **floor-to-ceiling windows**, and magnificent natural light create an elegant atmosphere that is hard to find today. Here you won't find an imposed layout. You'll find freedom. The freedom to design a home completely tailored to you: spacious living areas, an open kitchen, several bedrooms, an office, a library, or any project you can imagine. A true blank canvas to bring an exclusive home to life in one of Alicante's most sought-after areas. The building combines the charm of its original architecture with modern comforts, offering an **elevator** and **accessible entrance for people with reduced mobility**, ensuring comfort and accessibility without sacrificing the historical value of the property. Living in the traditional center means enjoying everything on foot: the Central Market, the Explanada, the Marina, Postiguet Beach, theaters, boutiques, cafes, and the city's best gastronomic offerings. A privileged location for those who wish to combine quality of life, history, and exclusivity. Main features * 206 m2 built. * Completely open-plan space. * Stately and emblematic building from 1890. * Very high ceilings. * Large windows providing extraordinary luminosity. * Elevator. * Accessible entrance for people with reduced mobility. * Infinite layout possibilities. * Exceptional location in the traditional center of Alicante. **Some properties stand out for what they are. This one stands out for all it can become. A unique opportunity to create an exclusive home, full of personality, in one of the most characterful buildings in the center of Alicante. ** NOTE: For properties for sale, the advertised sale price does not include PROPERTY TRANSFER TAX, NOR NOTARY AND REGISTRY FEES.

Features
Elevator
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 €2,323/mo
Est. Annual Rent €27,877/yr

Est. Yield 3.85%
Days on Market
0
First seen
2026-07-18
View on Idealista