Flat / apartment for sale in Centro Tradicional
3 Bed • 2 Bath • 139 m²
€394,000
AI Analyst
Long-term Rental"Prime mezzanine unit in Alicante’s Centro Tradicional with port views, strong natural light, and conversion potential from commercial to luxury residential use. Architect-designed plans enable a 3-bed, 2-bath layout, offering flexibility for value-add investors."
Pros
- •Excellent central location with port views and proximity to Explanada/Rambla.
- •Significant value-add potential via conversion and renovation.
- •Strong natural light and exterior orientation enhance tenant appeal.
Cons
- •Requires full conversion and renovation, increasing upfront capital outlay.
- •Change-of-use process may involve regulatory risk or delays.
- •Current rent yield is low relative to acquisition and renovation costs.
Description
ALAYA PROPERTIES SELLS MAGNIFICENT PROPERTY WITH MANY POSSIBILITIES! It is a mezzanine with views of the port of Alicante, 5 minutes walk to both the Explanada and the Rambla. Totally exterior and with lots of light. It is currently a commercial premises but there is the possibility of making a magnificent house with 3 large bedrooms, 2 full bathrooms and a large living room and kitchen, as well as a lot of storage area. The plan is designed by an architect taking into account the measurements, the photos are for guidance. The price of the property is 443,000 EUROS with renovation and luxury qualities, in addition to the change of use included. Price of the property in its current state 394,000 EUROS. ASK US ABOUT THE DIFFERENT OPTIONS!