Guest House For Sale in Naxxar

€1,600,000


Property description

Originally a TOWNHOUSE has been CONVERTED into a beautiful BOUTIQUE HOTEL situated in a quiet area of this much sought village. The property offers accommodation for people who are seeking a peaceful getaway and yet found in central Malta. The property strongly displays hundreds of years of history. It was built from traditional Maltese limestone, a typical Maltese stone which was excavated from the property itself, in 1623 and only recently it has been fully restored keeping its originality of traditional Maltese architecture combined with modern architecture. All bedrooms have an en-suite bathroom and furnished in a style that allows guests to enjoy old world furnishings. This charming townhouse is also an ideal destination where one can enjoy the calming surroundings either in one of the two internal courtyards or by the plunge pool found at the back of the building.The property is being sold, almost fully furnished including linen and as a complete operating business its brand name having a high reputation that the current owner has worked so hard for. Current occupancy levels are running at 70-75% with minimal advertising and a minimum of a 3 night stay policy. Being in operation for only 3 years, the business is already generating healthy profits. The majority of the current guests are originally from European countries and extend to as far as America and Australia with review ratings running exceptionally high, showing the fantastic potential to tap further into the market. The townhouse currently has eight bedrooms and one penthouse with the option to create an additional guest room. There is a possibility for further development extensions to be added to this unique property to maximize further earning potential. The venue is also an ideal rental avenue for private events such as birthdays or intimate wedding receptions, holding comfortably 60 persons. Items Included in Price Fully Furnished
Ref: 214089

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€7,208.98 per month*



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Disclaimer - Property reference 214089. 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 Frank Salt Real Estate.