Perez Medina Ático

This beautiful penthouse, after the renovation, will have 3 bedrooms with their own bathrooms, a kitchen, a living/dining room, and a lovely terrace, for a total of 106 square meters of living space. This will provide accommodation for 3 coliving tenants or up to 8 vacation rental guests.

The Benalúa building, where this apartment is located, is situated a 10-minute walk from El Corte Inglés, the AVE train station, and the old town of Alicante. This is one of the strategic location factors for this project. Being in such a central location could generate demand for rooms, on the one hand, from workers in the leisure and tourism sector, and on the other hand, from guests for vacation rentals. Additionally, the apartment has all kinds of services nearby, such as bars, restaurants, and leisure areas, all within a short distance.

After the completion of the renovation and the purchase of furniture, appliances, and other necessary equipment to turn the property into a habitable and functional space, this project is estimated to generate rental income.

The main features of this property are:

• Price: We have managed to obtain a below-market price for the property, as the price per square meter is, according to our estimates, around 65% lower than the average price per square meter of apartments in the same area. This could make it possible to sell the property at a higher price, although this cannot be taken for granted.
• Legislative situation: As owners of the entire building, we don't have to deal with other property owners, which makes it much easier to obtain the necessary tourist licenses. This makes this apartment a possible vacation rental, although until we obtain the license, we will be able to operate it as a coliving space.
• Condition: Currently, the penthouse already has the project designed by the architect and we can proceed with its renovation in accordance with the project's specifications.
• Typology: This property is suitable for the coliving model, as it has 3 rooms with individual bathrooms, a kitchen, a living/dining room and a beautiful terrace as common areas. Additionally, the layout of the property, which is rectangular, is well-organized. Once we obtain the tourist license, we can also accommodate up to 8 guests for vacation rentals, since a sofa bed will be acquired in the living/dining room, maximizing the number of guests that can be accommodated. Depending on the season, we can choose the option we estimate to be the most profitable.
• Versatility: As owners of the entire building, we can apply for a tourist apartment license, which would allow us to operate it as a room rental or a vacation rental. Being in a very central area, we can choose the option that generates the most income for us.
• Potential: The features of this property, and especially its acquisition price, could, according to our estimates, favor its appreciation and the generation of income thanks to its strategic location in the Benalúa neighborhood.
• 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: 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 (1000 meters)
  • Alicante Central Market: 20 minutes (1500 meters)
  • Alicante seafront promenade: 15 minutes (1000 meters)
  • Casino Mediterráneo Alicante: 24 minutes (2000 meters)
  • Postiguet Beach: 30 minutes (2300 meters)