Perez Medina 1A

The apartment we are presenting today is a little over 80 square meters and is apartment "A" on the first floor of our Benalúa building. Once the apartment has been renovated, we will have a 3-bedroom apartment with one bathroom and an open-plan kitchen and living room. This will allow us to accommodate 3 coliving tenants or up to 6 vacation rental guests.

The apartment is located just a 10-minute walk from El Corte Inglés and the AVE train station. As a result, it has all kinds of nearby services such as bars, restaurants, and leisure areas, among others. However, the highlight of its location is its proximity to the old town of Alicante, one of the city's main tourist areas, about a 10-minute walk away. According to our estimates, this could generate demand for rooms, on the one hand, from workers in the leisure and tourism industry and, on the other, from tourists themselves for vacation rentals.

Once the renovation is completed, along with the acquisition of furniture, appliances, and other equipment to make the property livable and functional, it is estimated that this project could generate rental income.

The main features of this property are:

• Price: We acquired the property at a cost per square meter that, according to our estimates, is approximately 65% lower than the average value per square meter for apartments in the area. This could make it easier to sell at a higher price in the future, although the result will depend on the market.
• Legal situation: It is a property that is completely free of liens or encumbrances. Owning the entire building could make it easier to apply for the tourist apartment license since we don't have to deal with other owners, although its grant is not guaranteed. Until it is obtained, this property can be operated as a coliving rental.
• Condition: Given that the first floor is already divided into 2 apartments, in this one we only need to carry out a renovation to update the apartment itself and achieve the layout we want.
• Property type: It is a property with 3 bedrooms, suitable for coliving. In addition, it will have 1 bathroom and a kitchen that will serve as a common area. The property, which is rectangular, is well laid out. And, if we obtain the tourist license (which is not guaranteed), thanks to the open-plan kitchen and living room, we will be able to accommodate up to 6 guests for vacation rental.
• Versatility: Thanks to owning the entire building, we can apply for a tourist apartment license, which would allow us to operate it as either room rentals or vacation rentals. Being in a central area, this project is estimated to be able to generate rental income.
• Potential: The characteristics of this property and, above all, its acquisition price could give it potential for appreciation and for generating rental income.
• Location: Very strategically located, just a few minutes' walk from the main attractions of the city:

• Mercadona supermarket: 3 minutes (230 meters)
• Spar supermarket: 4 minutes (300 meters)
• Masymas supermarket: 5 minutes (500 meters)
• El Corte Inglés supermarket: 10 minutes (750 meters)
• Train Station and AVE: 10 minutes (750 meters)
• Bus Station: 10 minutes (750 meters)
• Arniches Theater: 7 minutes (600 meters)
• Alicante city center: 15 minutes (1,000 meters)
• The Central Market of Alicante: 20 minutes (1,500 meters)
• Alicante promenade: 15 minutes (1,000 meters)
• Casino Mediterráneo Alicante: 24 minutes (2,000 meters)
• Postiguet Beach: 30 minutes (2,300 meters)