Site For Sale in St Paul's Bay

€9,001,500


Property description

St Paul's Bay Dual-Opportunity Site A rare, versatile development holding in a quiet residential pocket of St Paul's Bay, steps from the beach and vibrant nightlife. The site comes with two fully scoped routes: Option 1 permits the creation of an approx. 45-room hotel with the potential to add two further floors, tapping directly into Malta's year-round tourism demand. Option 2 offers a residential play, involving demolition of the existing townhouse, excavation of two basement parking levels, and construction of a ground-to-fifth-floor block plus a receded penthouse level, delivering a ground-floor 2-bedroom maisonette, 4 one-bedroom, 6 two-bedroom, and 4 three-bedroom apartments, crowned by a mix of 1- and 2-bedroom penthouses. Investors can pivot between hospitality income and strong residential capital growth in a single, superbly located site. Option 1 - Hotel Development Option 2 - Residential Development
Ref: P-1468 Size: 800sqm
*

Sponsored

Mortgage Calculator

€40,557.27 per month*



* value may vary depending on provider and your circumstances

Interested in this property? Request further information now

    Your Name (required)

    Your Email (required)

    Your Phone (+country code if outside Malta)

    Your Message

    St-Pauls-Bay-St-Pauls-Island

    St Paul’s Bay – Property For Sale & To Rent, Estate Agents, Local Information

    Saint Paul’s Bay is a town in the Northern Region of Malta with a population of 21,046 people in an area of 14.5km². This population goes up to approximately 60,000 during the Summer months with the many Maltese staying in their Summer residences and tourists in hotels. The towns and villages of Qawra, Bugibba, Burmarrad, Xemxija, Mselliet, and San Martin as well as parts… read more »

    Disclaimer - Property reference P-1468. 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 RE/MAX Luxe.