Perez Medina 2A

After the renovation, this apartment will have 3 bedrooms, a bathroom, and a kitchen, with a total area of 80 square meters, and will have the same layout as the Pérez Medina 1A apartment. This will provide accommodation for up to 3 coliving tenants or 6 vacation rental guests.

The Benalúa building where this apartment is located is just a 10-minute walk from the old town of Alicante, one of the city's main tourist areas. The location is one of the highlights of this project. Being in such a central location could generate, according to our estimates, demand for rooms, on the one hand, from workers in the leisure and tourism sector and, on the other hand, from tourists for vacation rentals. Additionally, the apartment is surrounded by all kinds of services, such as bars, restaurants, and leisure areas, as it is also located just a short 10-minute walk from El Corte Inglés and the AVE train station.

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 have acquired the property at a price per square meter that, according to our estimates, is around 65% lower than the average price per square meter of apartments in the same area. This could make it easier to sell the property at a higher price in the future, although the result will depend on the market.
• Legal situation: As owners of the entire building, we do not have to deal with other owners, which makes the process of obtaining tourist licenses much easier. This means that we can potentially convert this apartment into a vacation rental, although until we obtain the license, we can operate it as a coliving space.
• Condition: This apartment is located on the second floor, which is currently a single apartment. We will proceed to divide it into two to obtain two apartments of similar size, which will be 2A and 2B (2B is a project that we will publish in the coming weeks).
• Property type: This property is suitable for the coliving model, as it has 3 bedrooms, a bathroom, and a spacious kitchen. In addition, the rectangular layout of the property is well-organized. Once we obtain the tourist license, we can also accommodate up to 6 guests for vacation rentals, depending on which option is more profitable for our investors.
• 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:

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