22 Bedroom Block of Apartments For Sale in Msida

€2,250,000


Property description

MSIDA - A 22-room GUESTHOUSE or BOUTIQUE HOTEL with11 en-suite bedrooms per floor, 22 in total, several of them large enough to be run as suites achieved without major structural intervention. Own entrance, staircase and lift already in place. A rare block of scale in one of Malta's strongest catchment areas, walking distance from the University of Malta and Mater Dei Hospital. Comprises the entire first and second floors of an apartment block - currently four 4-bedroom apartments, two per floor, each floor circa 400sqm (circa 800sqm total) - with a private street door, independent staircase and lift separating it from the rest of the building, plus an underlying garage complex of circa 250 sqm (three two-car lock-ups and additional street-level spaces). Built circa 20 years ago and most recently in office use; sold as is with vacant possession, offering a blank canvas for refurbishment or reconfiguration. Subject to obtaining the relevant permits, the layout supports several routes: a 22-room guesthouse or boutique hotel, six larger apartments split across the two floors, or simply retaining the existing layout for office or short-let use from day one.
Ref: (AM)SBOA668958 Size: 800sqm Bathrooms: 18
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    Disclaimer - Property reference (AM)SBOA668958. The information displayed about this property comprises a property advertisement. PropertyMarket.com.mt makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. The information is provided and maintained by M Estates.