Flat / apartment for sale in Centro Tradicional
7 Bed • 2 Bath • 203 m² • Floor 3
€720,000
AI Analyst
Long-term Rental"Prime 230 sqm apartment in Alicante’s Centro Tradicional, adjacent to Plaza Ruperto Chapí and Teatro Principal, offers rare scale and location. Pedestrianization enhances long-term value, but full renovation is required to unlock its investment potential."
Pros
- •Exceptional central location near cultural landmarks and future pedestrian zone
- •Large floor area (230 sqm) with 7 rooms, rare in the local market
- •Potential for significant value uplift post-renovation
Cons
- •Requires extensive and costly renovation due to decades of vacancy
- •Current rental yield is low relative to acquisition and renovation costs
- •Older building may present unforeseen structural or compliance risks
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.