Ático Mercado Central

This is a 128-square-meter property, with 3 bedrooms and 3 en-suite bathrooms, an open-plan kitchen and a large terrace.

The main features of the property are:

1. Price: €977/m2, below the price per square meter of apartments to be renovated, which is already 1,259 euros.
2. Tourist License: Despite being outside the historic center, we anticipate being able to obtain the tourist license since we will control the entire building. This could increase the value of the property, since, apart from these exceptions, a vacation license can only be obtained in the old town, where the price per square meter is 2,529 euros, as we can see here.
3. Condition: The property is practically new as it was built in 2015. In fact, the apartment on the first floor is in its original state and the kitchen still needs to be fitted.
4. Versatility: This is a type of property with demand both for the vacation market and for the short-term market, since these are spacious properties, with one bathroom per bedroom, something also in demand in the Coliving type.
5. Typology: Penthouses with a terrace are properties with good demand in vacation rental, especially for large groups, as they can gather and enjoy the climate of Alicante.
6. Potential: The whole building has potential. With 70 square meters per floor, and 3 levels, the building could be divided into 3 individual apartments. In this case the apartment would work out at 70 thousand euros per unit. (The average price in that area for similar apartments is at, as you can see here.
7. Location: the property is very close to the old town and the main points of interest of the city of Alicante. It is literally only a 7-minute walk from the historic center according to google maps. The main walking distances, according to google maps, are:
   1. Central Market: 5 minutes' walk.
   2. Historic Center: 8 minutes' walk.
   3. San Juan neighborhood: 10 minutes' walk.
   4. Plaza del Ayuntamiento: 15 minutes' walk.
   5. Postiguet Beach: 19 minutes' walk

Additionally, according to the urban plan, an additional floor could be built, which would allow us to obtain a further apartment. Although we are not going to develop it, this option could add value to the property.