Ref: P000238213

€750,000 For Sale

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An unconverted apartment block in Floriana currently consisting of three by one bedroom apartments, and an approved Planning Authority permit to construct a studio penthouse at the existing roof level, thus having a total of four approved residential units. All units are very comfortable in terms of size, with the one bedroom apartments having a total of 64 square meter each, whilst the penthouse enjoys an internal area of 46 square meter plus an additional 25 square meter of external space.The penthouse will enjoy very good views of the Grand Harbour, as well as clear side views stretching up to Castille Square in Valletta. A passenger lift is also approved within the proposed drawings, that goes all the way from the ground floor up to the penthouse level. In addition there are no steps whatsoever when coming in to the building from the street, so the building can be made fully-accessible. A second proposed layout is also in hand whereby the building can be converted into a total of seven rentable units for short-let purposes, having three studio units with an area of 27 square meter each, three by one bedroom units with an area of 37 square meter each, and the same penthouse layout with a total area of 71 square meter. The property needs some structural work to be made in order to repair the damaged ceilings and also to build the receded floor at the current roof level. Planning permit is already in hand and works can commence within a short time period since BCA clearance was already obtained. The property is situated within just two minutes` walk to the King George V Gardens, which has just recently undergone upgrade works, where one can enjoy spectacular views of the Grand Harbour. The Valletta Main City Gate and Valletta Waterfront are also both just a ten-minute walk away from the property, making it an ideal investment both for long-lets as well as short-lets


  • Payment type For Sale
  • Type F
  • Beds 6
  • Town Floriana
  • Province Malta
  • Country Malta
  • Built surface 315
  • Plot 71
  • Car park 1
  • Tgroup C