Property description

MSIDA: A rare self contained property forming part of a larger block, but having its own private entrance and lift walking distance from the University of Malta and Mater Dei Hospital. The property comprises the entire first and second floors of an apartment block: currently 4x 4-bedroom apartments, two per floor, each floor c. 480 m . Critically, the two floors have their own street door and independent staircase, physically separating them from the rest of the building which is what makes the block work as a single commercial asset, with the buyer controlling access, common parts and the identity of the whole. On the gound floor there is an interconnected 200 to 250 m garage comprising 3x 2 car lock-ups plus additional car spaces at street level parking of this quality is close to unobtainable in the area. The property is freehold and can be converted into a 22-room guesthouse or boutique hotel. Sketched plans show 11 ensuite bedrooms per floor, 22 in total, several of them large enough to be run as suites achieved without major structural intervention.