Active ID: 102957157 Casco Histórico

Flat / apartment for sale in Rambla, 40

3 Bed • 2 Bath • 210 m² • Floor 4

€430,000

AI Analyst
Coliving

"Large 200 m² apartment in Alicante’s historic center, currently a medical office, offers prime repositioning potential with castle views, terrace, and parking access—ideal for conversion to high-end residential or coliving asset."

Negotiation Leverage Balanced
Value Add Convert from office/clinic to modern residential units; update interiors and amenities.
Pros
  • Prime central location with landmark views and strong rental demand
  • Large floorplate allows flexible reconfiguration for multiple tenants
  • Building amenities include elevators, terrace, and direct parking access
Cons
  • Significant capex required for residential conversion and modernization
  • Uncertainty around change-of-use permits and associated timelines
  • Potential vacancy and holding costs during renovation phase
Description

Apartment in the center of Alicante, Rambla Méndez Núñez, 40, 4ºE. 200 m2 property for sale, currently used as a medical-surgical clinic and offices with 2 toilets/bathroom, laboratory, library Hot water and general heating and improved pipes. Easy possibility of transformation into a home to your liking. It is located in an emblematic building in the center of Alicante, in front of the Bank of Spain, facing the Plaza de San Cristóbal, and with views of the Santa Bárbara Castle and the Rambla. The apartment has 2 entrance doors, there are 3 elevators (per landing), and the building has a large and stately main hall, with an automatic staircase, entrance from the Rambla and direct access to the Parking through two private elevators. 180 useful meters.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €430,000
Taxes (ITP 10%) + €43,000
Notary Fees + €3,612
Registry Fees + €1,376
Gestoría Fees + €1,290
Valuation + Other + €339

Total Investment €479,617
Est. Monthly Rent €5,000/mo
Est. Annual Rent €60,000/yr

Est. Yield 12.51%
Days on Market
93
First seen
2025-12-16
View on Idealista