Perez Medina 1A

Welcome to a fantastic investment opportunity in the heart of Alicante. This 80-square-meter apartment is part of the Benalua building, which we recently mentioned in our blog. After the renovation and horizontal division, we are going to carry out in the building, it will become a 3-bedroom apartment with one bathroom and an American-style kitchen-living room, which offers the possibility of accommodating up to 3 co-living tenants or 6 guests in vacation rentals.

We are going to make a series of improvements to this property with the aim of increasing its value. These include a renovation to update the facilities, horizontal division, obtaining a license for vacation rental, and expanding its built area, which will decrease the price per square meter of the land.

The location close to the old town of Alicante will generate high demand for rooms, making this investment an attractive and profitable opportunity. With an unbeatable price of just under 660 euros per square meter (around 65% below market price), low legislative risk, and a strategic location. This investment has great potential for appreciation and generating constant income.

With this project, we will achieve a return on investment of over 10% (IRR), which we can estimate thanks to our experience in the city of Alicante. As you know, we have five co-living projects that are generating constant income, as well as many vacation rental apartment projects. In the city of Alicante, we have a well-established infrastructure that facilitates the management of this project. Therefore, we are confident that this project is one of the best we have had to date in the city of Alicante.

Don't miss this investment opportunity in Alicante! Alicante is one of the cities that is generating the most return on investment for us through co-living and vacation rentals.