Real Estate Investment Opportunity in Malta!
Location: Paceville, next to Portomaso Property Type: 5-Story Block Current Rental Income: Over 5% per year
Description: This real estate investment opportunity in Malta is not to be missed! Currently, there is a 5-story block that is already generating great rental income, providing a solid return of over 5% per year. The property is situated in a prime location in Paceville, right next to Portomaso.
What makes this investment even more enticing is the potential for development. With the option to demolish the existing block, you can envision two exciting possibilities. The first option is to develop a 34-room hotel complete with a rooftop pool and terrace, providing guests with breathtaking views and a luxurious experience. The second option is to create a 38-room hotel without a pool, focusing on maximizing the number of rooms available.
It’s important to note that no permits have been applied for yet, opening up an incredible opportunity for investors to seize this property before the development phase begins. Once the owners decide to embark on the development themselves, the price will inevitably change.
If you’re looking for a lucrative real estate investment in Malta, this is your chance. Act quickly to secure this limited-time opportunity and be part of the exciting transformation in Paceville. Contact us now to discuss further details and explore the potential returns that await you!