199,000 Building For sale

House to renovate or apartment project for sale in Alicante Old Town

  • Bedrooms 3
  • Bathrooms 2
  • Size 140m²
  • Plot size 38m²

Detached house or project for tourist apartments right in the historic centre of Alicante, an interesting opportunity for investors.

Currently the 140 m² property consists of the structure of a detached house, a typical, charming 1930s building in Alicante old town. It was restored in 1980 and requires renovation. Nestled at the foot of the prominent Castle and beneath La Ereta Park, the property is located in a very tranquil pedestrian area.

The property consists of a ground floor as well as 2 more floors, the top one boasting a large terrace with unbeatable views of Santa Bárbara Castle, Alicante and the Mediterranean. Each of the 3 floors covers 38 m², with high ceilings. There is also a rear patio of some 15 m² which can be enclosed to extend the property, if desired.

It has a Major Works Licence, which it was presented with in August of 2018, meaning that another floor can be added if desired. Currently in conversation with the city planning department of Alicante Council, a project is at an advanced stage, consisting of the possibility of building 2 properties, both with independent access. The second property, which could be either a duplex or triplex according to the owner's preference, would have access from the public stairs leading to the castle that close to the public at night. The planning permission and environmental permit, as well as the 20% for the architect for their basic blueprints (which can be adjusted to the necessities of the client), are included in the selling price and have been paid for.


  • Sea views
  • Terrace
  • High ceilings
  • Natural light
  • To renovate
  • Views


  • Ground floor with two living rooms
  • First floor with two living rooms and a south-facing balcony
  • Open top floor with a courtyard


Santa Cruz (or El Barrio) is the area of the city's old town that is situated on the side of a hill. The area is famous for its lively nightlife, with winding backroads brimming with cocktail and tapas bars. Among the most emblematic buildings, you will find the 17th Century Saint Nicholas Co-Cathedral with its blue dome, and the majestic town hall, flanked by the ruins of the medieval walls. The Gravina Museum of Fine Arts occupies a former palace and the spectacular MACA art museum houses expositions for contemporary works.

The property is a 5-minute walk from the eclectic Central Market and 10 from the symbolic Plaza de los Luceros. There are fantastic transport links nearby, with the property only 15 minutes away from the bus and train stations and 20 minutes from the international airport.

ALI19059 €199,000

Latest news and analysis

Get the Lucas Fox property newsletter for exclusive news, insight and analysis

Join mailing list Join mailing list