Land For Sale in Gzira

€5,500,000


Property description

A site of 475 sqm in Gzira border to Ta' Xbiex with plans in hand to be developed in an office block of 1700sqm on 6 floors + a parking garage in the basement. Price quoted is for the site and the plans with permit. Seller can develop the site and deliver the block finished but price will be of 8,250,000 Euros. Estimated potential revenue of 500-600K per annum in rent once this site is built which is equivalent to 7-8% return on investment.
Ref: 23537

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