Flat / apartment for sale in Centro Tradicional
7 Bed • 2 Bath • 203 m²
€720,000
AI Analyst
Long-term Rental"Prime 203 m² apartment in Alicante’s Centro Tradicional, adjacent to Plaza Ruperto Chapí and Teatro Principal, offers significant value-add potential through full renovation in a highly sought-after, soon-to-be pedestrianized location."
Pros
- •Exceptional central location with cultural and lifestyle amenities nearby
- •Large floor area (203 m²) suitable for premium rental or subdivision
- •Pedestrianization of street likely to enhance long-term value
Cons
- •Requires comprehensive renovation, increasing upfront capital outlay
- •No terrace or outdoor space, which may limit appeal to some tenants
- •Rental yield is modest relative to acquisition and renovation costs
Description
There are few homes for sale in Alicante of this category. It is a 230 square meter apartment, well located, next to Plaza Ruperto Chapí and the Teatro Principal. The street, one of the most picturesque and traditional in Alicante, is being pedestrianized by the City Council, as a culmination of its privileged location. Due to the age of this emblematic building and the fact that no one has lived in it for decades, it needs to be almost completely renovated. With a renovation to the buyer's taste, it will be a luxury to live in it.