Mercado Central

This property is well located, just one step away from the historic center, very close to the Santa Bárbara Castle, the Postiguet Beach, and the Central Market. The location is suitable for both short-term and mid-term stays.

Although it is a large apartment, almost 70 square meters, we've decided to keep it as a studio in order to keep it more spacious and bright. The apartment has a private patio, which we will decorate for our guests to enjoy.

As mentioned, the fact that we are buying the entire building will let us acquire this apartment at a very competitive price. Also, as we will be controlling the whole building, we do not expect to have any problem getting the vacation rental licenses, according to current regulations. We also consider that it could be easier to sell the property as part of the building than to sell it as an individual unit.

The main features of this property are:

1. Price: We are buying this property at €1,214 per square meter, below the price in that area (€1,617 per square meter).
2. Tourist License: Despite being in an area where no licenses are being granted for individual units, we expect to be able to get the license as we will be owning the whole building. This could add value to the property as the price per square meter where vacation rental properties are allowed is €2,529.
3. Condition: The property is practically new since it was built in 2015. It is a brand-new property; in fact, we will have to install the kitchen since the apartment has never been used.
4. Versatility: These kinds of properties (studios and small apartments with a private patio) have, in our experience, demand for short-term, mid-term, and long-term rentals. This is a very bright and spacious property, very well distributed, and well located.
5. Typology: One-bedroom and one-bathroom apartments and studios are, in our experience, in demand among tourists, since they are suitable for an individual traveler, a couple, and even small families and groups of friends. Having a patio may make it more attractive and help it stand out from the rest.
6. Potential: It is a property with potential, not only because of its characteristics and price, but also because it can be rented together with the apartment upstairs for bigger groups.
7. Location: the property is very close to the historic center and the main points of interest in the city of Alicante. It is literally just a 7-minute walk from the historic center according to Google Maps. The main walking distances are:

• Central Market: 5-minute walk.
• Historic Center: 8-minute walk.
• San Juan neighborhood: 10-minute walk.
• Town Hall Square: 15-minute walk
• Postiguet Beach: 19-minute walk