Great location with all necessary facilities, more central in Valencia is impossible :-)
From there, regularly took bus C1 from Plaza de la Reina to head anywhere or connect to another bus stop within the hour with the same ticket.
Also the balconies are great to enjoy a glass of wine in the evenings while watching people heading home after the curefew of 22h :-)
Also the roof terrace is beautiful and nicely decorated, probably even better in the summer. Overall great experience.