Delisted ID: 112021538 Centro Tradicional

Flat / apartment for sale in Calle San Fernando

1 Bed • 206 m² • Floor 4

€650,000

AI Analyst
Long-term Rental

"Exceptional 206 m² open-plan apartment in Alicante’s historic center, offering rare architectural features, high ceilings, and abundant natural light—an ideal blank canvas for luxury customization in a prime urban location."

Negotiation Leverage Balanced
Value Add Full interior fit-out to create modern, high-end residential units; potential to add bedrooms and premium finishes.
Pros
  • Prime location in Alicante’s traditional center with strong demand for quality rentals.
  • Unique architectural features (high ceilings, large windows) enhance value and appeal.
  • Elevator and accessible entrance increase marketability to a wider tenant base.
Cons
  • Significant capital expenditure required for interior build-out and modernization.
  • Single-room open-plan layout currently limits immediate rental income.
  • Potential regulatory or heritage restrictions on renovations due to building’s historic status.
Description

A space with history to create a unique home in the heart of Alicante's traditional center There are homes that you visit. And there are spaces that inspire. This is one of them. In the traditional center of Alicante, surrounded by historic buildings, charming streets, shops, restaurants, and all the life of the city, lies this extraordinary 206 m2 property, completely open-plan and ready to become the home you have always dreamed of. Located in an iconic building from 1890, this property preserves the essence of late 19th-century stately architecture. Its high ceilings, spectacular floor-to-ceiling windows, and magnificent natural light create an elegant atmosphere that is hard to find today. Here, you will not find an imposed layout. You will find freedom. The freedom to design a home completely tailored to you: spacious living areas, an open kitchen, several bedrooms, an office, a library, or any project you can imagine. A true blank canvas where you can bring an exclusive home to life in one of the most sought-after areas of Alicante. The building combines the charm of its original architecture with modern comforts, offering an elevator and access adapted for people with reduced mobility, ensuring convenience and accessibility without sacrificing the property's historical value. Living in the traditional center means enjoying everything on foot: the Central Market, the Explanada, the Marina, Postiguet Beach, theaters, boutiques, cafes, and the best gastronomic offerings in the city. A privileged location for those who wish to combine quality of life, history, and exclusivity. Main features 206 m2 built. Completely open-plan space. Stately and iconic building from 1890. Very high ceilings. Large windows that provide extraordinary brightness. Elevator. Access adapted for people with reduced mobility. Infinite layout possibilities. Exceptional location in the traditional center of Alicante. Some properties stand out for what they are. This one stands out for everything it can become. A unique opportunity to create an exclusive home, full of personality, in one of the buildings with the most character in the center of Alicante. NOTE: For properties for sale, the advertised sale price does not include PROPERTY TRANSFER TAX, NOR NOTARY AND REGISTRY EXPENSES.

Features
Elevator
Exterior
Investment Summary
Purchase Price €650,000
Taxes (ITP 10%) + €65,000
Notary Fees + €5,460
Registry Fees + €2,080
Gestoría Fees + €1,950
Valuation + Other + €339

Total Investment €724,829
Est. Monthly Rent €2,288/mo
Est. Annual Rent €27,450/yr

Est. Yield 3.79%
Days on Market
17
First seen
2026-07-18
View on Idealista