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. Flexible layout allows for 3 bedrooms and 2 baths, offering value-add upside in a sought-after location."
Pros
- •Excellent central location with port views and proximity to key amenities
- •Significant value-add potential through conversion and renovation
- •Large, flexible floorplan with abundant natural light
Cons
- •Requires change of use and full renovation, increasing upfront capital outlay
- •Uncertainty around permitting and timeline for conversion
- •Current 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!