Global Property Guide

Financial Information for the Residential Property Buyer

Hotel Balluta Bay

Hotel Balluta Bay, Malta

Full Description

Hotel in need of refurbishment currently closed down currently consisting of 63 rooms with permits in hand to extend rooms to a total of 83 rooms.
Located a few meters from the sea. Permits in hand for a 3 star superior Hotel and 3 aditional floors

This Property can also be suitable as a site for development

As a site, this site could renderr 8 or 9 floors, meaning 2 three bedroom €140sqm/€150sqm (approx.) apartments per floor, either 16 or 18 units.

The chances are that we would gain the extra floor whereby we could have 18 spacious 3 bedroom units.

Or

24 or 27 units if one constructs 3 units per floor.

 

2  or 3 levels of garages are possible

 

Contact us for full details.

Unique opportunity

Key Information

Property ID: 24405954
Location: Malta, Saint Julian's, Balluta Bay
Categories:
  • Commercial
  • Hotel
Bedrooms: 0
Bathrooms: 0
Price:
  • £4,913,150
  • €5,500,000
  • $6,271,650
Short Description:

Hotel in need of refurbishment currently closed down currently consisting of 63 rooms with permits in hand to extend rooms to a total of 83 rooms. Located a few meters from the sea. Contact us for full details.