Active ID: 112217847 Centro Tradicional

Flat / apartment for sale in Paseo Esplanada d'Espanya

11 Bed • 3 Bath • 180 m² • Floor 1

€1,100,000

AI Analyst
Long-term Rental

"Prime 180 m² apartment on Alicante’s Explanada offers panoramic marina views, triple exposure, and rare full-floor ownership. Flexible layout enables luxury residence or division into two units, maximizing value in a trophy location."

Negotiation Leverage Balanced
Value Add Convert office layout to high-end residential; potential to segregate into two units for dual income streams
Pros
  • Iconic front-line location with unobstructed sea and marina views
  • Full-floor, triple-aspect exposure ensures exceptional light and privacy
  • Flexible floor plan allows for division into two independent apartments
Cons
  • Currently configured as office—significant renovation required for residential use
  • High price per square meter relative to local rental yields
  • Potential noise and tourist traffic due to central, high-profile location
Description

UNIQUE AND EXCEPTIONAL 180 M2 APARTMENT ON THE FRONT LINE OF THE EXPLANADA DE ALICANTE! THIS IS A UNIQUE OPPORTUNITY. Exclusive Property on the Front Line of the Explanada de España, Alicante A full, completely exterior floor is for sale in the most iconic location in Alicante: the Explanada de España. This unique property offers direct views of the marina and the Mediterranean Sea, situated in one of the most coveted areas of the city. Panoramic Views and Total Luminosity This real estate piece stands out for its triple facade facing the Explanada de España, Calle Valdés, and Calle San Fernando. Thanks to this multiple orientation, natural light floods every room throughout the day. By being situated above a high-ceilinged commercial space and mezzanine, the property enjoys an elevated position that provides a clear line of sight toward the port and the sea, remaining strategically below the palm tree canopy for a perfect panoramic view. Versatility of Use and Potential for Segregation Although the property is currently used for professional purposes as an office, its legal status is strictly residential, which guarantees all the advantages of a luxury home in a prime location. Its current configuration, based on lightweight partitions, offers exceptional architectural flexibility. The space allows for technical segregation into two independent dwellings: a unit with 46 m² of usable space facing Calle Valdés and Calle San Fernando, and a second unit with 108 m² of usable space with a main facade facing the Explanada de España and Calle Valdés. This duality makes the asset an ideal option both for a large unified residence and for an investment project with high profitability. Legal Certainty and Residential Use For registry and deed purposes, the property is recorded as a single unit for residential use. This greatly facilitates any renovation project, allowing for the immediate unification of the 180 m² without the need for administrative procedures or modifications in the registry. A Unique Property on the Market Rarely does a full, completely exterior floor with these characteristics come onto the market. Its strategic location, the flexibility of its spaces, and its direct views of the Mediterranean make it a real estate gem, ideal both for those seeking a luxury residence and for investors who value assets in unrepeatable locations.

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 €2,283/mo
Est. Annual Rent €27,400/yr

Est. Yield 2.23%
Days on Market
4
First seen
2026-08-23
View on Idealista