Msida border with Ta' Xbiex; Entire Block of apartments - Direct from Owner
€ 550,000
Description
As a going concern. Entire Block of three (two bedroom) apartments, all furnished and rented out for long let. With airspace to build another floor, since it's in a five plus one area, and adjacent property is two floors higher.
These consist of three apartments (one on each floor) two bedroom with balconies, back terraces, equipped with furniture and furnishings, and two new inverter AC, new washing machines, new cookers and fridge.
The block is 7 years old and is located in a well sought after area in Msida, close to University and Mater Dei Hospital, and border with Ta' Xbiex, (walking distance to yacht marina promenade and gaming companies).
The third floor apartment is a duplex. Can be easily split into two separate units. A concrete lintel has already been installed to facilitate the opening of a separate entrance door in the stairwell. Has an extra room and shower with toilet on the roof. It could be converted into a studio or built further into a separate duplex apartment.
The sale would include two apartments, another apartment that could be split into two separate units, and the airspace that could be developed and built further. Freehold.
As a going concern, with a steady return of income, with potential to expand and include another two floors. Reason of selling is to invest in another project, without the need of a loan.
These consist of three apartments (one on each floor) two bedroom with balconies, back terraces, equipped with furniture and furnishings, and two new inverter AC, new washing machines, new cookers and fridge.
The block is 7 years old and is located in a well sought after area in Msida, close to University and Mater Dei Hospital, and border with Ta' Xbiex, (walking distance to yacht marina promenade and gaming companies).
The third floor apartment is a duplex. Can be easily split into two separate units. A concrete lintel has already been installed to facilitate the opening of a separate entrance door in the stairwell. Has an extra room and shower with toilet on the roof. It could be converted into a studio or built further into a separate duplex apartment.
The sale would include two apartments, another apartment that could be split into two separate units, and the airspace that could be developed and built further. Freehold.
As a going concern, with a steady return of income, with potential to expand and include another two floors. Reason of selling is to invest in another project, without the need of a loan.
Other Details
Apartment / FlatMsidaFurnished
2NoNo
Item Details
9378579
2036
Property For Sale
13/02/2022
Featured Listings
Mgarr with Views
For Sale
Apartment / Flat3Mgarr
Ghadira MELLIEHA 4bed Apartment + Garage #OWNER
For Sale
Apartment / Flat4Mellieha
Garage For Sale in San Gwann
For Sale
GarageSan Gwann
Burmarrad 3 Bedroom Penthouse With Country Views! Priced to Sell!
For Sale
Apartment / Flat3Burmarrad